The bill mandates that health care providers and hospitals in Iowa disclose the prices charged for certain health services. Specifically, health care providers are required to make public the prices for the twenty-five most common services they render, presented in a single document either electronically or on their website. This information must include both a common procedural terminology code and a plain language description, and it must be updated at least annually. Similarly, hospitals must disclose the prices for the seventy-five most common inpatient and outpatient services, grouped by Medicare diagnosis-related groups, with updates required on a quarterly basis.

Additionally, the disclosed price information must include a disclaimer stating that the prices are estimates and do not constitute legally binding charges, as actual charges may vary based on specific circumstances at the time of service. The bill also instructs the Department of Inspections, Appeals, and Licensing to adopt rules ensuring that these disclosure requirements align with federal regulations, particularly those outlined in the Affordable Care Act regarding the publicizing of standard hospital charges.