HI SB2271

Creates a medical data clearinghouse to provide transparency in how health insurers spend premium dollars by collecting comprehensive information on costs, services, and reimbursements across providers.

Establishes minimum spending thresholds and requires health insurers to file annual premium transparency reports detailing exact expenditures of premium dollars.

Removes conflicting provisions in current law that would allow mutual benefit societies to exceed the minimum spending thresholds set by the measure.

Aims to enable consumers, health care providers, insurers, and government bodies to compare costs and make informed choices about health care selection and policy decisions.