(20 ILCS 1405/1405-51) Sec. 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;
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(2) utilization patterns of services by major service
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(3) impact of benefit changes, including essential
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| health benefits and non-essential health benefits;
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(4) enrollment trends;
(5) demographic shifts;
(6) geographic factors and variations, including
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| changes in provider availability;
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(7) health care quality improvement initiatives;
(8) inflation and other factors impacting this
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| State's economic condition;
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(9) the availability of financial assistance and tax
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| credits to pay for health insurance coverage for individuals and small businesses;
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(10) trends in out-of-pocket costs for consumers; and
(11) factors contributing to costs that are not
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| otherwise specified in paragraphs (1) through (10) of this subsection.
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(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.
(Source: P.A. 103-106, eff. 1-1-24; 103-605, eff. 7-1-24.)
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