This bill proposes an analysis of the benefits and costs associated with implementing a universal health care system in Minnesota, aimed at providing the legislature with a comparative framework against the existing public and private health care financing systems. The bill mandates the commissioner of health to contract with independent entities to conduct this analysis, which will evaluate the proposed Minnesota Health Plan against the current system over a ten-year period. Key areas of focus for the analysis include coverage rates, benefit completeness, underinsurance, system capacity, and overall health care spending. The analysis will also consider various factors such as administrative costs, price negotiations, and the impact on health care access and outcomes.

Additionally, the bill includes provisions for the commissioner to issue a final report by January 15, 2025, with the possibility of interim updates. An appropriation from the general fund for fiscal year 2024 is also included to support the economic analysis. The new legal language inserted into the bill outlines definitions, initial assumptions for the analysis, and the specific elements to be measured, while ensuring that the analysis is comprehensive and iterative, involving input from relevant stakeholders throughout the process.