(Just The News)—Dozens of economists on Thursday sent a letter to the Senate, urging lawmakers to pass Kansas GOP Sen. Roger Marshall’s Patients Deserve Price Tags Act, which would provide patients with more transparency regarding medical costs.
Marshall introduced the Senate bill last week, which seeks to amend the Public Health Service Act to require public hospitals and medical centers to release negotiated rates, costs, and cash prices for services provided at their location.
Republican Sens. Chuck Grassley and Joni Ernst of Iowa; and Tim Sheehy of Montana have already cosponsored the bill.
“As professional economists, we are united in our belief that real price transparency is urgently required to reverse the nation’s runaway healthcare costs that place a tremendous financial burden on patients, employers, workers, and the national economy,” the 40 economists wrote in the letter.
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