Sec. 1405-51. Health insurance coverage, affordability, and cost transparency annual report.

181 words·~1 min read·/il/chapter-20/act-1405/1405-51

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(a)On or before May 1, 2026, and each May 1 thereafter, the Department of Insurance shall report to the Governor and the General Assembly on health insurance coverage, affordability, and cost trends, including:

(1)medical cost trends by major service category, including prescription drugs;

(2)utilization patterns of services by major service categories;

(3)impact of benefit changes, including essential health benefits and non-essential

health benefits;

(4)enrollment trends;

(5)demographic shifts;

(6)geographic factors and variations, including changes in provider availability;

(7)health care quality improvement initiatives;

(8)inflation and other factors impacting this State's economic condition;

(9)the availability of financial assistance and tax credits to pay for health insurance

coverage for individuals and small businesses;

(10)trends in out-of-pocket costs for consumers; and

(11)factors contributing to costs that are not otherwise specified in paragraphs

through

(10)of this subsection.

(b)This report shall not attribute any information or trend to a specific company and shall not disclose any information otherwise considered confidential or proprietary.