An Act to assess the current status of the merged market
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Overview
This bill establishes a council to analyze the current state of the Massachusetts merged market, which includes health coverage for small businesses and individuals. The council will conduct an independent actuarial analysis and make recommendations to improve market stability and affordability, considering factors like premiums, healthcare costs, and emerging coverage options. The council’s final report, including recommendations, is due by December 31, 2026.
Key provisions
- Creates a Massachusetts Merged Market Advisory Council.
- The council will analyze market data and trends.
- The council will recommend policy and legislative changes to improve affordability and stability.
- The council will consider factors such as premiums, healthcare costs, and emerging coverage options.
- The council will assess potential strategies like reinsurance programs.
- The council will solicit feedback from various stakeholders.
- The council must consider the impact of its recommendations on both the non-group and small group market segments.
- The council will submit a final report to the governor by December 31, 2026.
Who is affected
- Small businesses
- Individuals
- Health insurance carriers
- Health insurance brokers
- The Executive Office of Health and Human Services
Notable changes
Bill text
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Sponsors
Official sponsors from legislative records.
4 on record
Primary sponsor
Joint Committee on Financial Services
Cosponsors
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