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Pallone Introduces Bill to Cut Insurance Premiums, Delays

By Drooid · Oct 9, 2026, 2:10 AM UTC · How we work

Summary

Story summary

Rep. Frank Pallone Jr. (D-NJ) introduced the Lower Premiums, Faster Payments Act to replace arbitration with benchmarking.
The bill would require insurers to pay claims within 30 days of filing.
Payments would be set at the median in-network rate, adjusted for geography, even for out-of-network services.
In 2025, 2.5 million disputes were filed, about 67 percent by ten provider groups.
Health Affairs estimated arbitration added $22.4 billion in costs over four years.

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Story summary

Rep. Frank Pallone Jr. (D-NJ) introduced the Lower Premiums, Faster Payments Act to replace arbitration with benchmarking.
The bill would require insurers to pay claims within 30 days of filing.
Payments would be set at the median in-network rate, adjusted for geography, even for out-of-network services.
In 2025, 2.5 million disputes were filed, about 67 percent by ten provider groups.
Health Affairs estimated arbitration added $22.4 billion in costs over four years.