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Committee advances 'Patient's Right to Save' bill to let patients seek cash discounts and apply savings to deductibles
Summary
Senate Study Bill 1029, dubbed the Patient's Right to Save Act, was advanced after adoption of an amendment that narrowed exemptions and removed a requirement to post all cash prices publicly; sponsors said the bill creates incentives for price-shopping but acknowledged questions about provider impacts and outstanding lobbyist positions.
Senate Study Bill 1029, the "Patient's Right to Save Act," which would require providers to disclose cash discount rates and allow patients to apply qualifying cash payments toward insurer deductibles, passed the committee as amended and will move to the Senate calendar.
Sponsor Senator Klimish said the bill "incentivizes patients to make price transparency work by rewarding patients who shop for lower cost, higher quality care," and described three main elements: disclosed cash discounts, deductible credit for lower-cost cash care, and permitting patients to share insurance savings…
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