SENATE RESOLUTION RESPECTFULLY REQUESTING HEALTHSOURCE RI

This Senate resolution asks HealthSource RI to create a working group that studies how to make health insurance more affordable for Rhode Islanders in the individual market. The group will examine ways to lower monthly premiums and out-of-pocket costs, especially as federal financial support is set to expire in 2025. Members of the working group will include government officials, insurance companies, healthcare providers, and consumer advocates, and they will consider various funding options such as state taxes or assessments on the health industry. The group is directed to provide recommendations for a state-based assistance program based on a $20 million budget, along with alternative plans for $10 million and $40 million budgets, and submit a final report by January 31, 2025.