summary
Introduced
01/23/2017
01/23/2017
In Committee
01/23/2017
01/23/2017
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
190th General Court
Bill Summary
By Mr. Finn of West Springfield, a petition of Michael J. Finn, Jose F. Tosado and Gerard Cassidy that the Division of Insurance be authorized to conduct a study on the adequacy of reserves for payers and providers. Financial Services.
AI Summary
This bill requires the Massachusetts Division of Insurance to conduct a study on the adequacy of reserves for both payers (insurance companies) and providers (healthcare providers). The study will examine current reserve levels, formulate minimum necessary reserve requirements based on risk levels, identify excess reserve thresholds, and establish a methodology to transfer excess reserves from payers to providers as providers take on increasing financial risk. Once the study is completed, the Division will promulgate regulations to implement its findings and issue a report to the legislative committees on health care financing by July 1, 2018.
Committee Categories
Business and Industry
Sponsors (3)
Last Action
Accompanied a study order, see H4778 (on 07/18/2018)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/190/H2953 |
| Bill | https://malegislature.gov/Bills/190/H2953.pdf |
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