SECTION 1. Section 7A of Chapter 26 of the General Laws is hereby amended by adding after the second paragraph the following:

The Commissioner shall direct the health care access bureau to hold hearings every two years by July 1 in the year following the end of each legislative session to determine the impact on health care premiums and health care cost trends resulting from new mandated health benefits, assessments on health plans or providers, new data reporting requirements and any other law passed by the legislature during the session just concluded that would impact premiums and cost trends.  All licensed health plans shall be invited to participate and provide data regarding the impact on premiums. The bureau shall issue a comprehensive report to the senate and house chairs of the committees on ways and means, the senate and house chairs of the health care finance committee and the senate and house chairs of the financial services committee by October 1 summarizing its findings.