S.F. No. 4353 Summary

• Establishes a 13-member Health Care Affordability Board, operational by January 1, 2023, governed by the Legislative Coordinating Commission to monitor and regulate health care costs and spending in Minnesota.

• Creates a Health Care Affordability Advisory Council appointed by the governor to provide technical recommendations on health care spending growth targets and their impact on diverse communities.

• Requires the board to establish annual health care spending growth targets beginning June 15, 2023, with targets set for the five-year period from January 1, 2024, through December 31, 2028.

• Mandates health care entities exceeding spending growth targets to file performance improvement plans within 45 days of notice; allows the board to assess civil penalties up to $500,000 for willful noncompliance.

• Establishes an Office of Patient Protection by January 1, 2024, to assist consumers with health care access and quality issues and authorizes the Department of Health to provide technical assistance to the board.