S759
An Act redirecting excessive health insurer reserves to support health care safety net programs
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Bill 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.
Sponsors
Official sponsors from legislative records.
Primary sponsor
Barry R. Finegold
Cosponsor
Barry R. Finegold
Arguments in favor
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Bill S.759 194th (Current)
An Act redirecting excessive health insurer reserves to support health care safety net programs
By Mr. Finegold, a petition (accompanied by bill, Senate, No. 759) of Barry R. Finegold for legislation to redirect excessive health insurer reserves to support health care needs. Financial Services.
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Bill Information
Bill Information
Presenter: Barry R. Finegold
Tabs
Bill History Petitioners Committee Vote Committee Summary Primary Sponsor Summary
Bill History
Displaying 9 actions for Bill S.759
| Date | Branch | Action |
| 2/27/2025 | Senate | Referred to the committee on Financial Services |
| 2/27/2025 | House | House concurred |
| 9/19/2025 | Joint | Hearing scheduled for 10/01/2025 from 10:30 AM-01:00 PM in B-2 |
| 9/25/2025 | Joint | Hearing rescheduled to 10/01/2025 from 10:30 AM-01:00 PM in A-1 and Virtual Hearing location changed |
| 9/29/2025 | Joint | Hearing rescheduled to 10/01/2025 from 10:30 AM-01:00 PM in B-1 and Virtual Hearing location changed |
| 10/1/2025 | Joint | Hearing rescheduled to 10/01/2025 from 10:30 AM-11:20 PM in B-1 and Virtual Hearing updated to New End Time |
| 10/1/2025 | Joint | Hearing scheduled for 10/01/2025 from 10:30 AM-01:00 PM in B-1 |
| 12/15/2025 | Senate | Bill reported favorably by committee and referred to the committee on Health Care Financing |
| 1/29/2026 | Senate | Accompanied a study order, see S2931 |
Similar Bills
S.644 193rd (2023 - 2024)
An Act to redirect excessive health insurer reserves to support health care needs
H.1181 194th (Current)
An Act to redirect excessive health insurer reserves to support health care safety net programs
H.4940 194th (Current)
An Act to redirect excessive health insurer reserves to support health care safety net programs
H.1031 193rd (2023 - 2024)
An Act to redirect excessive health insurer reserves to support health care needs
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