An Act relative to requiring premium impact statements
Take action
Record your position on this measure.
Create an account to take a stance, submit a written position, or contact your legislator.
Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Overview
This bill would require state agencies to provide ‘premium impact statements’ when they make changes to regulations related to healthcare and insurance. These statements would detail how the changes are likely to affect premiums paid by consumers. The goal is to increase transparency and allow the public to understand the potential financial consequences of regulatory adjustments. This legislation seeks to ensure that the public is informed about how changes to healthcare regulations may impact their insurance costs.
Key provisions
- State agencies must prepare ‘premium impact statements’ for regulatory changes.
- These statements must outline the anticipated effects on health insurance premiums.
- The statements should be made publicly available.
- The bill applies to changes in regulations related to healthcare and insurance.
- The Massachusetts State Administration and Regulatory Oversight committee will oversee implementation.
Who is affected
- Consumers of health insurance
- Health insurance companies
- State agencies involved in healthcare regulation
- The public
Notable changes
- Requires a new process for assessing and disclosing the impact of regulatory changes on premiums.
- Adds a layer of transparency to the regulatory process for healthcare and insurance.
Bill text
Read the latest version inline or switch to a previous version.
Text extraction is in progress. View the official source.
Sponsors
Official sponsors from legislative records.
5 on record
Primary sponsor
Bradley H. Jones Jr.
Cosponsors
Bradley H. Jones Jr.
Kimberly N. Ferguson
Arguments
Reasons offered for and against this legislation.
Arguments in favor
No arguments in favor have been submitted.
Submit yoursArguments opposed
No arguments opposed have been submitted.
Submit yours