Current through Public Act 103-1052
Section 20 ILCS 1405/1405-51 - Health insurance coverage, affordability, and cost transparency annual report(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;(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 (1) 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.Amended without change by P.A. 103-0605,§ 95, eff. 7/1/2024.Renumbered from 20 ILCS 1405/1405-50 by P.A. 103-0605,§ 95, eff. 7/1/2024.Added by P.A. 103-0106,§ 5, eff. 1/1/2024.