On April 11, 2022, the General Assembly of Virginia passed a bill that requires the Department of Health to develop and implement a methodology for evaluating the efficiency and productivity of carriers and managed care health insurance plans.
The Department of Health, through its contract with Virginia Health Information (§32.1-276.4) and in consultation with the Bureau of Insurance of the State Corporation Commission shall:
The report below is the outcome of a stakeholder work group convened by the Bureau of Insurance and composed of representatives from the Virginia Department of Health, Virginia Health Information, the Virginia Association of Health Plans, the Virginia Hospital and Healthcare Association, the Medical Society of Virginia, and others. The stakeholder work group developed a methodology and identified data sources to foster transparency and competition among both carriers and health care providers, as well as to assist consumers in making educated decisions regarding options for health care coverage and access.
Updated on: 1/12/2024