An Act redirecting excessive health insurer reserves to support health care safety net programs
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Overview
This bill proposes to redirect substantial financial reserves held by health insurers in Massachusetts to bolster existing healthcare safety net programs. The goal is to increase funding for programs that serve vulnerable populations and address unmet healthcare needs within the state. It builds upon similar proposals aimed at addressing insurer reserves and prioritizing healthcare access for those most in need. The bill is currently being reviewed by the Health Care Financing committee.
Key provisions
- Redirects excess reserves from health insurers.
- Directs funds to support health care safety net programs.
- Focuses on increasing funding for programs serving vulnerable populations.
- Currently under review by the Health Care Financing committee.
- Similar legislation (S.644, H.1181, H.4940, H.1031) has been proposed.
- Scheduled for a hearing on October 1, 2025.
Who is affected
- Health insurers in Massachusetts
- Healthcare safety net programs
- Low-income individuals
- Vulnerable populations
- Massachusetts residents
Notable changes
- Addresses the accumulation of significant reserves by health insurers.
- Shifts resources from insurer reserves to direct healthcare services.
- Builds on previous attempts to address similar issues.
Bill text
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Sponsors
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2 on record
Primary sponsor
Cosponsor
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