An Act relative to requiring premium impact statements

HD 1298 requires Massachusetts state agencies to create and file a "premium impact statement" before changing health insurance regulations, explaining how the change would affect insurance rates. The statement must be publicly shared for comment, and agencies must update it before finalizing any regulation. Additionally, legislative committees must wait for a premium impact statement from the Center for Health Information and Analysis before advancing any health insurance-related bills. This bill directly affects state agencies creating health insurance rules and legislative committees reviewing health policy. It aims to ensure health insurance cost impacts are formally analyzed and considered before regulations or bills are adopted.