The Transparency in Coverage Regulation is a key federal initiative aimed at increasing transparency around healthcare costs, helping consumers make more informed decisions. As part of this regulation, health plans are required to provide “machine-readable files” containing detailed pricing information for medical services and prescription drugs. These files are designed to be accessible and usable by third-party applications, enabling easier comparison of costs and promoting greater transparency in the healthcare system. This ensures that members have the information they need to understand their potential out-of-pocket expenses and make better-informed healthcare choices.