Loading chat...
MA S2047
Bill
Status
2/27/2025
Primary Sponsor
Michael Moore
Click for details
AI Summary
-
Establishes a new definition of "historical growth rate in gross state product" as the average annual growth rate of Massachusetts' gross state product over the most recent 10-year period
-
Requires the Secretary of Administration and Finance to calculate this 10-year average growth rate annually by January 15, in consultation with House and Senate Ways and Means committees
-
Mandates that the calculated historical growth rate be provided to the Health Policy Commission and made publicly available
-
Changes the healthcare cost growth benchmark formula for calendar year 2023 and beyond to equal the historical 10-year gross state product growth rate, replacing the previous benchmark methodology
-
Sponsored by Senator Michael O. Moore (Second Worcester) and filed on January 15, 2025
Legislative Description
To reform the healthcare cost benchmark
Last Action
Hearing rescheduled to 09/16/2025 from 10:30 AM-12:30 PM in A-1 and Virtual Hearing updated to New End Time
9/16/2025