An Act to Increase Health Insurer Reporting Transparency
An Act to Increase Health Insurer Reporting Transparency
This bill enhances the transparency of data for healthcare consumers and stakeholders by requiring the Center for Health Information and Analysis to periodically report on and include in its annual report the information it receives from insurance carriers, as well as data available from the Division of Insurance regarding medical expenses, administrative expenses, medical loss ratios, reserves, and surpluses. This bill does not create any new reporting requirements on insurers.