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.”

Arnold Ventures is a philanthropy committed to improving the lives of American families, strengthening their communities, and promoting their economic opportunity by investing in research to understand the root causes of America’s most persistent and pressing problems. Founded in 2010 by Laura and John Arnold as part of their Giving Pledge commitment to contribute their wealth to charitable causes during their lifetimes, the philanthropy’s focus areas include higher education, criminal justice, health, infrastructure, and public finance, advocating for bipartisan policy reforms that will lead to lasting, scalable change.