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Today I am releasing a report that highlights the need for Congress to enact additional transparency across the health care supply chain.

Health care costs have risen astronomically from where they were just a few decades ago, to now approaching 18 percent of our GDP.

We write asking you to support the bipartisan Senate Bill 3548, The Health Care PRICE Transparency Act 2.0, introduced by Senate Health Education Labor and Pensions (HELP) Committee Chairman Bernie Sanders and Committee member Senator Mike…

They also told me you would save so much money you can protect your employee with not having to engage in the coinsurance.

That average jack in price is about 40 percent?

That was a key element that actually brought it into line, because my employees became health care consumers and they exercised their power in doing it.

The Braun-Sanders bill is so important is because it makes this data available in a standardized format

I do not know of one other industry where we have had to bring, at the federal government level, a transparency bill.

All insurance companies basically do this.

That is the ultimately behavior of a monopoly, and remember, they are the supplier, and this is going against their own customers, and that, to me, is indicative of why we are in the pickle we are in.

I look forward to continuing to work with my colleagues on both sides of the aisle to get the Health Care Price Transparency Act 2.0 to the President's desk.

Thank you, Mr. Chairman.

That is another ripoff that happens nowhere else.

Small employers will really benefit from access to tools and technology that can leverage that standardized formatting

We strongly endorse the bipartisan Senate Bill 3548, The Health Care PRICE Transparency Act 2.0, introduced by Senate Health Education Labor and Pensions (HELP) Committee member Senator Mike Braun and Committee Chairman Bernie Sanders.

Today, we heard about the importance of health care price transparency and how access to this information will lower costs for Americans.

By the way, before my time runs out, back in 2008, the insurance companies told me that if you can create a market and an engaged consumer you will save so much money.

I would like your opinion, Dr. Whaley and Ms. Deacon, on how do we get what drives most markets would be unfettered competition, no barriers to entry, price transparency, but an engaged consumer?