Insurance, Health, Accident - As introduced, enacts the "Stabilizing Healthcare Access with Reimbursement Protections (SHARP) Act." - Amends TCA Title 8 and Title 56.

Summary

Beginning Jan. 1, 2027, insurers that sell plans covering 100 or more people must increase the payments they make to in‑network doctors and the yearly benefit limits by at least the rise in the consumer price index, but no more than 4% unless the state commissioner approves a higher increase. The rule does not apply to small self‑insured ERISA plans, Medicare Advantage, TennCare waiver plans, out‑of‑network rates, or policies with fewer than 100 enrollees, and it includes reporting and waiver provisions. It also forces insurers to make catch‑up adjustments for rates that have been frozen for five years.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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