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Committee approves bill to require transparency in hospital-insurer contracts
Summary
Senate Bill 480, presented by Senator Irvin with hospital witnesses, sets contract-disclosure standards and bans certain contracting clauses (most-favored-nations and broad "all products" clauses); sponsors said clarifying amendments exempt federally regulated self-insured plans.
The Senate Insurance & Commerce Committee voted to advance Senate Bill 480 after testimony from hospital executives and association counsel who said the measure would improve transparency in contracting between hospitals and insurers.
Senator David Irvin, sponsor of SB 480, said the bill seeks "clear and transparency in contracting" so hospitals and other…
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