Bill > H1138

This bill aims to increase transparency in health insurance reporting by requiring the Center for Health Information and Analysis (CHIA) to evaluate and publicly report comprehensive data metrics from health care payers. Specifically, the bill mandates that CHIA issue periodic public reports that include key financial and operational metrics such as operating margins, total margins, reserves, enrollment, member months, total premiums, medical expenses, and administrative expenses, broken down by line of business where possible. The bill also requires the insurance commissioner to share all submitted information with CHIA, ensuring that the center has access to detailed data from both private and public health care payers. By making this information publicly available, the bill seeks to provide greater insight into the financial performance and operational characteristics of health insurers, which could help policymakers, researchers, and the public better understand the health insurance market.

Business and Industry

https://malegislature.gov/Bills/194/H1138