An Act empowering health care consumers

This bill amends Massachusetts insurance laws to require health plans to provide clearer information about prescription drug formularies and costs. It mandates that plans explain what a formulary is, list all drug management rules like prior authorizations, and display specific co-pay amounts or cost ranges for different tiers of coverage. Additionally, the law requires plans to update their online drug lists within 72 hours of any changes and to use a standardized template for displaying this information. These provisions apply to policies issued, delivered, or renewed on or after January 1, 2018, directly affecting insurance companies and their enrollees.