HB0019Withdrawn

Amends TCA Title 8, Chapter 27 and Title 56, Chapter 7, Part 6.

Tennessee HB0019 establishes the "Tennessee State Healthcare Cost Savings Incentive Program," requiring state and local insurance committees to create an incentive program by January 1, 2026, to reward enrollees for choosing cost-effective healthcare services. The bill mandates the use of a qualified third-party vendor to provide enrollees with information on healthcare costs and quality, facilitate shopping for services, and administer shared savings payments. Key provisions include the requirement for quarterly notifications to enrollees, annual reporting on program participation and savings, and clarification that existing incentive limits do not apply to this program.

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Overview

Tennessee HB0019 establishes the "Tennessee State Healthcare Cost Savings Incentive Program," requiring state and local insurance committees to create an incentive program by January 1, 2026, to reward enrollees for choosing cost-effective healthcare services. The bill mandates the use of a qualified third-party vendor to provide enrollees with information on healthcare costs and quality, facilitate shopping for services, and administer shared savings payments. Key provisions include the requirement for quarterly notifications to enrollees, annual reporting on program participation and savings, and clarification that existing incentive limits do not apply to this program.

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Sponsor

Baum, Charlie

Details
Session

114th General Assembly

Introduced

December 2, 2024

Last Action

January 27, 2025

Withdrawn.

Subjects
Insurance, Health, AccidentTitles, ShortState GovernmentState EmployeesInsurance Companies, Agents, Brokers, PoliciesFinance and Administration, Dept. of

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