Hospital Price Disclosure Act of 2005

The Hospital Price Disclosure Act of 2005 (H.R. 1362) would have required hospitals and ambulatory surgical centers to publicly disclose the prices they charge for medical procedures and prescription drugs. By amending the Medicare section of the Social Security Act, the bill aimed to provide patients with transparent information regarding the costs of healthcare services before they receive care. This measure was intended to help citizens compare prices between different facilities, potentially lowering out-of-pocket costs and increasing competition within the healthcare market.