Request for Information: Prescription Drug Machine-Readable File Requirement in the Transparency in Coverage Final Rule
Summary
The IRS is asking for public input on new rules requiring health insurance companies to publish prescription drug pricing information in a computer-readable format that patients and researchers can easily access and analyze. This transparency measure is designed to help people understand drug costs and compare prices across different insurance plans.
Key Points
- 1Health insurance companies will need to release detailed prescription drug pricing data in a standardized digital format that computers can read and process
- 2The goal is to give patients and researchers better access to drug pricing information so they can make informed decisions about their healthcare costs
- 3This is part of the broader 'Transparency in Coverage' rule, which aims to make healthcare pricing more visible and understandable to the public
- 4The IRS is currently seeking feedback from the public, insurers, healthcare providers, and other stakeholders about how to implement these requirements
- 5The comment deadline has already passed (June 2, 2025), so the agency is likely moving forward to finalize the specific technical standards and requirements
Key Dates
June 2, 2025
This summary is for informational purposes only. It may not capture all nuances of the regulation. Always refer to the official text for authoritative information.
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