This bill aims to enhance the market review process for the Massachusetts health care system. The key provisions include:

– Establishing a technical advisory committee within the Health Policy Commission to provide input on setting the health care cost growth benchmark.
– Requiring the Health Policy Commission to monitor the cost growth of health care entities and allowing the Commission to require entities that exceed the benchmark to file and implement performance improvement plans.
– Expanding the scope and authority of the Division of Health Insurance within the Department of Banking, Insurance and Health Insurance to oversee the health insurance market and prioritize affordability during rate review.
– Creating a Health Resource Planning Council to develop a state health plan to identify health care needs and resources in the Commonwealth.
– Enhancing data reporting requirements for providers, provider organizations, and other health care entities to support the cost monitoring and review process.