A new House bill would scrap the arbitration system that settles payment disputes between insurers and out-of-network providers under the No Surprises Act. Instead, insurers would pay a set amount based on their median in-network rate, and they would have 30 days to pay.
Rep. Frank Pallone Jr. of New Jersey, the top Democrat on the House Energy and Commerce Committee, introduced the Lower Premiums, Faster Payments Act on Thursday. The bill has no number, named cosponsors or Congressional Budget Office cost estimate yet, and it is unlikely to move this year.
