This bill mandates the sharing of health care claims experience data with local governments upon request. It requires that carriers, third-party administrators, and pharmacy benefits managers provide complete claims experience data to local unit employers, including loss reports, large claims data, and prescription claims information, within 60 days of a written request and at no cost. The data must be provided in both electronic and manual formats and must comply with the privacy requirements of the Health Insurance Portability and Accountability Act of 1996.

Additionally, the bill establishes penalties for non-compliance, with fines up to $5,000 for each violation, and each day of non-compliance counts as a separate violation. The Department of Banking and Insurance is tasked with investigating and enforcing these provisions, and local unit employers can refer violations to the department, which is required to compel disclosure of the necessary claims experience data if a violation is found.