Proposed Improvements to Health Plan Price Transparency Requirements
Federal departments have introduced a proposed rule designed to refine existing price transparency standards for health insurance providers and group plans. Rather than creating new mandates, these updates aim to enhance the usability and accuracy of digital cost-comparison tools and public machine-readable files. Key changes include reducing the frequency of data updates to ease administrative burdens and ensuring that cost-sharing information is accessible via telephone to comply with the No Surprises Act. Although these measures are not yet final, they reflect a significant push by the Trump administration to make healthcare pricing more visible to the public. Employers are encouraged to track these developments, as most will need to coordinate with service providers to ensure future compliance. The proposed timeline suggests many of these technical adjustments could take effect for plan years starting in 2027.
