20 ILCS 1405/1405-51

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;
(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 (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.

20 ILCS 1405/1405-51

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.