Bill > S782

This bill aims to increase transparency in health insurance reporting by requiring two key actions. First, the Health Care Cost Transparency Center (the "center") will now be required to evaluate and report on individual carrier data metrics submitted by health insurers, including data from various sources such as the Division of Insurance. These reports will be made public periodically, including through the center's annual report. Second, the bill mandates that the insurance commissioner make all information submitted to the division publicly available on a website in an easily readable and understandable format on an annual basis. By requiring these additional reporting and disclosure steps, the bill seeks to provide consumers and policymakers with more accessible information about health insurance carrier performance and costs, potentially enabling better decision-making and oversight of the health insurance market.

Business and Industry, Health and Social Services

https://malegislature.gov/Bills/194/S782