12.12.2023 Health
Statement From Arnold Venture’s Mark E. Miller on the U.S. House of Representatives Passage of the Lower Costs, More Transparency Act, a Critical Step Forward in Addressing Rising Health Care Costs
WASHINGTON, D.C. (Dec. 12, 2023) – “We applaud the U.S. House of Representatives passage of the Lower Costs, More Transparency Act, a critical step forward in efforts to lower costs for patients, taxpayers, and employers. The bipartisan legislation takes a meaningful step toward addressing a primary driver of rising health care costs – the high prices charged by large, consolidated hospital systems – by advancing site-neutral payment reform and billing transparency. These policies help protect patients from unfair billing practices, where costs for the same routine services can vary drastically based on the location the patient receives care. The legislation also takes important steps to improve transparency of the prices being charged for care.
“Across the country, health care continues to be one of the biggest financial strains for American families and we look forward to working with the Senate as they consider this important legislation.”
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Arnold Ventures is a philanthropy that supports research to understand the root causes of America’s most persistent and pressing problems, as well as evidence-based solutions to address them. By focusing on systemic change, AV is working to improve the lives of American families, strengthen their communities, and promote their economic opportunity. Since Laura and John Arnold launched their foundation in 2008, the philanthropy has expanded, and Arnold Ventures’ focus areas include education, criminal justice, health, infrastructure, and public finance, advocating for bipartisan policy reforms that will lead to lasting, scalable change. As signatories of the Giving Pledge, the Arnolds have committed to giving away most of their wealth during their lives.
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