A new bill would try to resolve surprise emergency care bills. Photo: Mel Melcon/Los Angeles Times via Getty Images

A group of U.S. senators, led by Republican Bill Cassidy of Louisiana, is working on a draft bill that would prohibit out-of-network hospitals and doctors from "balance billing" patients and would force health insurers to pay providers a negotiated amount, The Hill reports.

The big picture: The bill wouldn't be introduced until next year, but it shows legislators are getting an earful from constituents who are getting slammed by unexpected medical bills.

The details: Patients who get emergency care would not have to pay anything more than regular copays or other cost-sharing. Instead, health insurers would have to pay the out-of-network hospitals and doctors 125% of the usual in-network rate, which is determined by payment data housed by a nonprofit third party like FAIR Health or the Health Care Cost Institute.

Between the lines: This is a starting point that likely would anger insurers and would benefit out-of-network providers, because providers would be guaranteed rates that are higher than if they were in the insurance company's network.

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President Trump said twice Monday that the U.S. Treasury would need to get a portion of the sale price of TikTok, as a condition of regulatory approval.

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Ford names James Farley as new CEO amid ongoing turnaround effort

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Why it matters: It leaves Farley to complete the company's ongoing turnaround effort. The transition will be that much harder as the industry tries to navigate the coronavirus-induced economic slowdown which shuttered Ford plants for two months on the eve of some of its most important vehicle launches.

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Watch the full "Axios on HBO" interview with President Trump

In this episode of “Axios on HBO”, President Trump discusses his handling of the coronavirus pandemic, the upcoming election and much more with National Political Correspondent Jonathan Swan.

The interview was filmed on Tuesday, July 28 and aired Monday, Aug. 3 on HBO.