An Act enhancing the market review process

This bill updates the Massachusetts Health Policy Commission by redefining key terms and adjusting the composition of its governing board. It introduces new definitions for concepts such as "health equity," "significant equity investor," and various healthcare entities like pharmacy benefit managers and private equity companies to clarify who is regulated. The legislation also changes how the commission's board is formed, specifying that members will be appointed by the governor, state officials, and legislative leaders rather than solely by the Department of Public Health. Additionally, the bill repeals previous sections related to medical assistance divisions and modifies the oversight structure for the commission. These changes aim to refine the legal framework used to review and regulate the state's healthcare market.