Promoting better price reporting and outcomes data

Not later than 90 days after the date of enactment of this Act, the Secretary of Health and Human Services, in coordination with the Secretary of the Treasury and the Secretary of Labor, shall update all regulations and guidance issued by such secretaries pursuant to Executive Order 13877 (84 Fed. Reg. 30849 (June 24, 2019)), including by— (1) requiring the disclosure of the actual prices of items and services, not price estimates; (2) issuing updated guidance or regulations ensuring pricing information is standardized and easily comparable across hospitals and health plans; (3) issuing guidance or proposed regulatory action updating enforcement policies designed to ensure compliance with the transparent reporting of complete, accurate, and meaningful data; and (4) requiring the public reporting of outcomes data by providers.