Bill > HB0019

This bill establishes the "Tennessee State Healthcare Cost Savings Incentive Program" for state healthcare plan enrollees, which will be implemented by January 1, 2026. The program requires a third-party vendor to create an online platform that provides transparency about healthcare service costs and quality across Tennessee, allowing state employees and other plan enrollees to compare and shop for healthcare services. Enrollees will be incentivized to choose high-quality, lower-cost healthcare providers by receiving a portion of the cost savings generated through their choices. The savings can be credited to a health benefits account or paid as a cash reimbursement. The third-party vendor must have at least four years of experience managing similar programs, demonstrate a positive return on investment, and be able to provide cost and quality ratings for medical services. The program will be administered by state committees, with the Department of Finance and Administration overseeing vendor selection and providing quarterly notices to enrollees. An annual report will be submitted to state legislative leaders detailing program participation and cost savings. The goal is to encourage healthcare industry competition and reduce overall healthcare costs for both the state and its employees.

Government Affairs

https://wapp.capitol.tn.gov/apps/Billinfo/default.aspx?BillNumber=HB0019&ga=114