Health Care Cost Transparency Board
Here in Washington, we believe transparency is the key to improving access to quality health care at a lower cost. Value—which is providing high-quality, affordable health care—is something we are dedicated to and strive for. The Health Care Cost Transparency Board (Cost Board) is committed to ensuring health care affordability for all people in Washington.
Learn more about the Cost Board!
Why have the Cost Board?
Health care spending continues to rise at an alarming rate, outpacing both inflation and wages. This makes health care unaffordable for working families across the state and keeps them from getting the care they need. According to KFF Health News polling data,
- Four in five adults worry about affording health care now or in the future.
- One in four adults say that in the past 12 months they have skipped or postponed getting health care they needed because of the cost.
- Over twenty percent of adults say they have not filled a prescription because of the cost.
High health care costs also strain the budgets of businesses and government agencies that are paying for health coverage.
Objective data and findings help us understand the underlying causes of rising health care costs. We’re starting out by collecting and analyzing data on cost trends. Using this information—which health plans provided and provider organizations validated—we can identify how best to rein in health care spending growth. Those conversations will be with stakeholders across the health care system continuum.
How did the Cost Board start?
People in Washington are paying more and more for their health care. Rising health care prices also affect how health care plans (payers) pay providers. The Cost Board (House Bill 2457) was signed into law in 2020, with the purpose of reducing health care cost growth and increasing price transparency.
How are board members selected?
The Cost Board is comprised of primarily health care purchasers, including representatives of consumers and business and labor, who are appointed by the Governor. Learn about our board members.
For more information, visit our Resources pages.