An Act enhancing the market review process

This bill amends state laws to reorganize the Department of Consumer Affairs and Business Regulation by renaming the commissioner of insurance to the commissioner of health insurance and shifting certain health-related divisions to the new Division of Health Insurance. It also updates the structure of the Health Policy Commission by adding new definitions for key terms such as health equity, health disparities, and significant equity investors to support market reviews. Additionally, the legislation establishes a specific three-year benchmark cycle for monitoring projected changes in total healthcare expenditures across the commonwealth. These changes aim to clarify the roles of various agencies and provide clearer definitions for analyzing healthcare costs and market structures.