Senate Committee advances bill requiring hospitals to post negotiated prices online

$88 billion in medical bills sat on Americans' credit reports as of 2021.

Medical collections on credit reports dropped from about 27 million consumers in 2022 to 9.7 million by August 2024.

41% of U.S. adults, an estimated 100 million people, carried health care debt in 2022.

Hospital compliance with existing federal price transparency rules is reported anywhere from 21% to 88%, depending on who is measuring.

The CHECK Act (H.R. 9117) was referred to the House Committee on Energy and Commerce and remains under review as of the story date.