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SB 174 (BR 1204) - T. Buford, C. Embry Jr.
AN ACT relating to health care cost transparency.
Create a new section of Subtitle 17A of KRS Chapter 304 to define "allowed amounts," "service," "program," and "shoppable health care service"; require providers to disclose allowed amounts of the service provided within 2 business days; require insurers to establish an interactive mechanism with payment information made by the insurer to providers and to provide a good-faith estimate of cost to the insured; require an insurer to develop an incentive program that shares cost savings with the insured based on the insured's choice; require the insurer to report information under the program to the Department of Insurance; require the Department of Insurance to report information to the Interim Joint Committee on Banking and Insurance; EFFECTIVE January 1, 2018.
Feb 13, 2017 - introduced in Senate
Feb 14, 2017 - to Banking & Insurance (S)