Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Committee advances bill requiring insurers to publish negotiated rates and drug prices
Summary
The committee voted to advance House Bill 705, which would require carriers to publish standardized in-network negotiated rates, out-of-network allowed amounts, and prescription-drug price files; the New Hampshire Insurance Department would oversee compliance and defer to federal rules where conflicts arise.
Chair Rocheford brought House Bill 705 before the committee and the committee voted to move the bill forward after hearing from the Commissioner of the New Hampshire Insurance Department and Dr. Jason Aziz, director of the department’s data analytics unit.
The commissioner told the committee the bill would require every health plan and carrier to publish three standardized files: an in-network rate file listing negotiated prices for covered items and services, an out-of-network allowed amount file showing billed charges and average allowed payments, and a prescription drug file. The commissioner said those data would be presented in a standardized format and ‘‘made available to the…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
