Relating to: plan sponsors’ right to access claims data.

AB 714 requires health insurers, administrators, and pharmacy benefit managers to provide large employers (those with 50+ employees) full access to their health claims data. The bill states that employers (as "plan sponsors") own this data, including detailed records of high-cost claims (exceeding $25,000 for medical, $10,000 for pharmacy), billing statements, payment histories, and rebate information. Insurers and pharmacy managers must deliver this data within 7 business days of a written request, in electronic format, and cannot sell the data without employer and individual permission. The law aims to give employers greater transparency into their health plan costs and administration.