AN ACT CONCERNING INSURANCE ACCOUNTABILITY AND TRANSPARENCY.

HB 7116 bans specific restrictive clauses in health care contracts between insurers and providers, effective July 1, 2025. It prohibits "all-or-nothing clauses" (requiring full network inclusion), "anti-steering clauses" (blocking incentives for cheaper providers), "anti-tiering clauses" (restricting network tiers), "gag clauses" (preventing price/quality disclosure), and "revenue neutrality clauses" (requiring insurers to cover provider losses). This directly affects health carriers, health plan administrators, and health care providers by requiring them to remove these clauses from new or renewed contracts. The law maintains existing privacy protections under federal law while aiming to increase transparency in health care pricing and network options.