Departments propose updates to insurer transparency requirements

The Departments of Treasury, Labor, and Health and Human Services proposed several changes Dec. 19 to the Transparency in Coverage requirements for insurers. The proposal includes changes to the insurer machine-readable files, in line with a February executive order on price transparency and subsequent guidance documents. These changes are intended to improve the accessibility and usability of the insurer files and comparability between the hospital and insurer data. The proposal also includes minor changes to insurers' consumer pricing tool requirements. Comments on the proposed rule are due 60 days after publication in the Federal Register.