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S2047 • 2025

An Act to reform the healthcare cost benchmark

An Act to reform the healthcare cost benchmark

Healthcare Taxes
Active

The official status still shows this bill as active or still awaiting another formal step.

Sponsor
Michael O. Moore
Last action
2026-06-18
Official status
Accompanied a study order, see S3130
Effective date
Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

An Act to reform the healthcare cost benchmark

An Act to reform the healthcare cost benchmark By Mr.

What This Bill Does

  • An Act to reform the healthcare cost benchmark By Mr.
  • Moore, a petition (accompanied by bill, Senate, No.
  • 2047) of Michael O.
  • Moore for legislation to reform the healthcare cost benchmark.

Limits and Unknowns

  • This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

  1. 2026-06-18 Senate

    Accompanied a study order, see S3130

  2. 2026-04-01 Senate

    Reporting date extended to Thursday June 25, 2026

  3. 2025-09-16 Joint

    Hearing rescheduled to 09/16/2025 from 10:30 AM-12:30 PM in A-1 and Virtual Hearing updated to New End Time

  4. 2025-09-05 Joint

    Hearing scheduled for 09/16/2025 from 10:30 AM-01:00 PM in A-1

  5. 2025-02-27 Senate

    Referred to the committee on Revenue

  6. 2025-02-27 House

    House concurred

Official Summary Text

An Act to reform the healthcare cost benchmark
By Mr. Moore, a petition (accompanied by bill, Senate, No. 2047) of Michael O. Moore for legislation to reform the healthcare cost benchmark. Revenue.

Current Bill Text

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Bill S.2047

SECTION 1. Section 7H 1/2 of chapter 29 of the General Laws, as so appearing, is hereby amended by inserting after the definition of “Growth rate of potential gross state product” the following definition:-

“Historical growth rate in gross state product”, the long-run average annual growth rate of the commonwealth's gross state product measured over the most recent ten-year period.

SECTION 2. Section 7H 1/2 of chapter 29 of the General Laws, as so appearing, is hereby amended by striking the last sentence in section (b).

SECTION 3. Section 7H 1/2 of chapter 29 of the General Laws, as so appearing, is hereby amended by inserting the following new section:-

(d) On or before January 15, the secretary of administration and finance, in consultation with the house and senate committees on ways and means, shall calculate the average annual growth rate of actual gross state product for the most recent ten-year period. The secretary shall report to the house and senate ways and means committees its methodology and results. The historical growth rate in gross state product shall be provided to the health policy commission established under chapter 6D and be made public by the executive office of administration and finance.

SECTION 4. Section 9 of Chapter 6D is hereby further amended by striking subsection (b)(3) in its entirety and replacing with the following:-

(3) For calendar years 2023 and beyond, the health care cost growth benchmark shall be equal to historical growth rate in gross state product established under said section 7H 1/2 of chapter 29 of the General Laws.

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