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Committee suspends action and re-refers bill seeking standardized healthcare price files after insurer, industry concerns
Summary
House Bill 705 would require standardized, machine-readable cost-and-coverage files from health plans to improve statewide price transparency and feed the state's New Hampshire Health Cost website. Insurance department officials supported standardization; carriers urged waiting for federal guidance and complained about high implementation costs.
House Bill 705, introduced to require standardized, machine-readable price-and-coverage files from health plans to improve health care cost transparency, was discussed at length in a Senate Health and Human Services hearing on April 16. The committee later voted to re-refer the bill for further work after insurers and the insurance department raised timing and technical concerns.
What the bill would do: HB 705 would require insurers to submit three machine-readable files: (1) allowed amounts for in-network professional and facility services by provider;…
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