Illinois General Assembly - Illinois Compiled Statutes

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20 ILCS 1405/1405-51

    (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;

(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.

(Source: P.A. 103-106, eff. 1-1-24; 103-605, eff. 7-1-24.)