Governor Maura Healey has signed two key bills into law in Massachusetts to reduce health care costs and increase transparency. The laws cap copayments for essential prescription drugs at $25, with Healey saying, "These new laws will lower out-of-pocket costs by capping copays at $25 for lifesaving prescription medications and increasing transparency in the industry." They also require for-profit health care providers to follow the same transparency rules as non-profits, addressing issues raised by legal battles with Steward Health Care, according to the Commonwealth of Massachusetts.
Massachusetts has passed new legislation to improve health care oversight and ensure high-quality care remains affordable. The law targets accountability in the industry, especially following Steward Health Care's issues, where "executives spent years hiding their financial information from state regulators," according to House Speaker Ronald J. Mariano. It strengthens oversight, requiring more data from private equity firms to prevent cost-driven mismanagement. Senate President Karen E. Spilka praised the law for reinforcing the state's leadership in patient-centered care, prioritizing health over profit, as stated by the Commonwealth of Massachusetts.
Massachusetts has formed a bipartisan task force to improve primary care by increasing access and funding. Health and Human Services Secretary Kate Walsh emphasized its role in advancing health equity. The new laws, signed by the Governor, aim to tackle rising drug prices and strengthen oversight of the healthcare system. Insurance Commissioner Michael Caljouw is hopeful these changes will better protect consumers and improve healthcare for residents, as reported by the Commonwealth of Massachusetts.