Social Determinants of Health Spending Amendment Act of 2024

This bill allows private health insurers and Medicaid managed care organizations in the District of Columbia to count spending on specific social determinants of health toward their required medical loss ratio. By reclassifying these non-medical expenses as part of the 80% of premiums that must be spent on care, the law encourages insurers to invest in services like nutrition education, housing support, and reentry programs for justice-involved individuals. The legislation directly affects insurance companies and aims to improve health outcomes by addressing the non-clinical factors that significantly influence a person's well-being.