Health Care Prices: Our State Has a Long Way to Go

Worried about rising health care prices? The Washington Health Care Cost Transparency Board (HCCTB) was created by House Bill 2457 in 2020 to decrease health care costs and increase cost transparency. But advocates are concerned that the HCCTB is too focused on concerns of the health care industry. The devastating effects of high health care costs on consumers are not receiving the attention they deserve.

Advocates Call for More Consumer Representation in Reducing Washington’s Health Care Costs

The Washington State Health Care Cost Transparency Board (HCCTB), created by House Bill 2457, is charged with reducing health care growth and increasing price transparency in Washington state. The HCCTB is currently receiving data from 11 insurance carriers and two state agencies for 2017 through 2019. While the HCCTB is focused on the data that must be submitted by October 1st, health care advocates are expressing concern that the most important component of high health care prices is being forgotten, its impact on the “people whose paychecks are increasingly being eaten up by premiums, deductibles, and other out-of-pocket costs.”