The bill, known as the "Louisiana Dental Loss Ratios for Dental Healthcare Services Plans Act," aims to enhance transparency regarding the expenditures of dental healthcare plan premiums. It establishes a new subpart within the Louisiana Revised Statutes, specifically R.S. 22:1161 through 1166, which outlines the definitions of key terms such as "dental carrier," "dental healthcare service plan," and "dental loss ratio." The bill mandates that dental carriers file an annual report detailing their dental loss ratios, which is calculated based on the percentage of premium dollars spent on patient care. This report must be submitted to the commissioner by March 1, 2025, and annually thereafter, with specific requirements for the report's content and organization.

Additionally, the bill stipulates that the commissioner will make the dental loss ratio reports publicly available and will file a summary report with relevant legislative committees. It also includes provisions for rulemaking to implement the act's requirements, including defining eligible clinical dental services and administrative costs. Notably, the provisions of this act do not apply to Medicaid or the Louisiana Children's Health Insurance Program. The act is set to take effect on January 1, 2025.