Bill > S614

This bill aims to rein in health insurance premiums through stronger rate review. It amends Massachusetts law to require health insurance carriers to file their small group product base rates and any changes to small group rating factors with the state's insurance commissioner by July 1 of the preceding year. The commissioner has the authority to approve, modify, or disapprove the proposed changes, and must consider factors such as the affordability of the plans, the carrier's strategies to enhance affordability, and the impact of the proposed changes on lower-income individuals and people of color. The bill gives the commissioner the power to issue regulations and request additional information from carriers to facilitate this review process.

Business and Industry, Health and Social Services

https://malegislature.gov/Bills/193/S614