Soooo, this past weekend, the Senate HELP and the House Energy and Commerce (EC) Committee announced a bi-partisan, bi-cameral agreement on a surprise medical billing proposal. As I speculated in prior updates, the proposal calls for a hybrid of a (1) “benchmark” rate up to a specified dollar amount, and then (2) an “arbitration process” for any bills in excess of this magic specified dollar amount. Interestingly, the “magic” specified dollar amount would be $750. This is lower than the EC Committee’s original hybrid benchmark/arbitration proposal which called for a $1,250 threshold. And, this is considerably lower than the threshold amount that I – and others – have suggested (i.e., we were suggesting $5,000).