Senate ·
Protect College Sports Act of 2026
“I want this bill passed. It requires healthcare providers to show their prices upfront. Insurance companies already negotiate different prices at different hospitals, and patients deserve to see those prices before choosing care. Price transparency works in other businesses, and it will save people money on healthcare.”
“Mr. President, certainly I agree on many of the points my colleague made, and certainly I am in favor of expanding association healthcare plans. The goal of that is more competition, and that is all we are trying to create. My colleague says this won’t work, but transparency works in every other industry. I think it is well documented that our bill would save $1,000 per month. Here is the big fallacy in his argument. He is right that the insurance companies have negotiated these rates. So within one community, this insurance company has negotiated one rate with a surgery center, one rate with the hospital, one rate with an imaging center. So all I say is the patient deserves to see what that negotiated rate is, and then they can compare it. So it is like we agree, but he disagrees with the final step here: We want patients to know what that negotiated price is. A real example: Getting a hip replaced at a surgical hospital might cost $15,000 or $20,000, but at the hospital down the street, it might be $150,000. The same way with an x ray. Going to the hospital, you know, the x ray--the MRI might be $3,000 there but $300 down at the imaging center. So I agree that those prices have been negotiated, but I want to make sure it is in the hands of the consumers. Could you imagine driving down the street and gas stations--you didn’t know how much the gas was going to be? Of course you wouldn’t be able to make a good consumer choice. So that is all we are asking, is full transparency in healthcare just like in every other industry. I yield the floor.”
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Mr. President, certainly I agree on many of the points my colleague made, and certainly I am in favor of expanding association healthcare plans. The goal of that is more competition, and that is all we are trying to create. My colleague says this won’t work, but transparency works in every other industry. I think it is well documented that our bill would save $1,000 per month. Here is the big fallacy in his argument. He is right that the insurance companies have negotiated these rates. So within one community, this insurance company has negotiated one rate with a surgery center, one rate with the hospital, one rate with an imaging center. So all I say is the patient deserves to see what that negotiated rate is, and then they can compare it. So it is like we agree, but he disagrees with the final step here: We want patients to know what that negotiated price is. A real example: Getting a hip replaced at a surgical hospital might cost $15,000 or $20,000, but at the hospital down the street, it might be $150,000. The same way with an x ray. Going to the hospital, you know, the x ray--the MRI might be $3,000 there but $300 down at the imaging center. So I agree that those prices have been negotiated, but I want to make sure it is in the hands of the consumers. Could you imagine driving down the street and gas stations--you didn’t know how much the gas was going to be? Of course you wouldn’t be able to make a good consumer choice. So that is all we are asking, is full transparency in healthcare just like in every other industry. I yield the floor.