Illinois § 5-10

§ 5-10.

Feasibility study. (a) The Department of Healthcare and Family Services, in consultation with the Department of Insurance, shall oversee a feasibility study to explore options to make health insurance more affordable for low-income and middle-income residents. The study shall include policies targeted at increasing health care affordability and access, including policies being discussed in other states and nationally. The study shall follow the best practices of other states and include an Illinois-specific actuarial and economic analysis of demographic and market dynamics. (b) The study shall produce cost estimates for the policies studied under subsection (a) along with the impact of the policies on health insurance affordability and access and the uninsured rates for low-income and middle-income residents, with break-out data by geography, race, ethnicity, and income level. The study shall evaluate how multiple policies implemented together affect costs and outcomes and how policies could be structured to leverage federal matching funds and federal pass-through awards. (c) The Department of Healthcare and Family Services, in consultation with the Department of Insurance, shall develop and submit no later than February 28, 2021 a report to the General Assembly and the Governor concerning the design, costs, benefits, and implementation of State options to increase access to affordable health care coverage that leverage existing State infrastructure. (Source: P.A. 101-649, eff. 7-7-20.)