ID H0266

Establishes the "Health Care Transparency Act" to help consumers make informed choices about health care and requires providers and insurers to disclose pricing and reimbursement rates

Requires the Director of the Department of Insurance to create and launch a website by January 1, 2012, updated at least annually, compiling health care data in consultation with hospital and physician organizations

Mandates hospitals and clinics with 4 or more physicians report charges for the 25 most common procedures based on diagnostic-related groups with at least 10 cases rendered during the prior calendar year

Requires all insurance carriers to submit reimbursement rates for the 25 most common inpatient procedures to the director for posting on the website

Website must contain consumer-friendly information including number of discharges, average and median charges, length of stay, demographic data, payer mix, and charges by Medicare, Medicaid, private insurance, and uncompensated care