On Wednesday, U.S. Senator Mike Braun introduced the True Price Act, which requires health plans and health insurance companies to disclose the full cost of healthcare they receive. 

Senator Braun’s legislation compliments President Trump’s efforts to possibly require providers to disclose secret prices of healthcare, which would put more decision-making power into the hands of patients and could lower the cost of healthcare.  

“Transparency is the key to holding healthcare providers accountable and empowers consumers to get the best healthcare possible for the lowest price,” said U.S. Senator Mike Braun. “The same drug can vary in price by hundreds of dollars despite be sold only blocks apart and Americans deserve to know how this racket operates and who is getting rich.”

This is Senator Braun’s fourth bill aimed at lowering healthcare costs, which follows the Drug Price Transparency (DPT) Act, the Accelerated Drug Approval for Prescription Therapies (ADAPT) Act and the Efficiency and Transparency in Petitions Act.

Before his historic victory to the U.S. Senate, Braun was an entrepreneur who created hundreds of American jobs, while providing affordable healthcare to his employees that includes keeping premiums flat for nearly a decade and providing healthcare for those with pre-existing conditions.