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 funds held in reserve by health insurers in Massachusetts to support programs that provide healthcare access to vulnerable populations. Specifically, it aims to bolster health care safety net programs. The bill was referred to the Committee on Financial Services and subsequently the Committee on Health Care Financing.
Key provisions
- Redirects excess reserves from health insurers.
- Directs these funds to health care safety net programs.
- Supports programs serving vulnerable populations.
- Was referred to the Committee on Financial Services.
- Was subsequently referred to the Committee on Health Care Financing.
- Related to similar legislation (S.644, H.1181, H.4940, H.1031).
Who is affected
- Health insurers in Massachusetts
- Healthcare safety net programs
- Low-income individuals
- Vulnerable populations
- Massachusetts residents
Notable changes
- The bill seeks to utilize previously held funds to expand healthcare access.
- It builds upon similar legislation proposing the same redirection of funds.
Bill text
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Sponsors
Official sponsors from legislative records.
2 on record
Primary sponsor
Cosponsor
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