There shall be a blue ribbon panel on quality and coverage standards of health insurers in the commonwealth. The panel shall investigate and recommend to the general court new standards for minimum creditable coverage for health insurance above and beyond the current coverage set forth in 956 CMR 5.03. The panel shall consist of: 2 members of the senate, 2 members of the house of representatives, the executive director of the health connector, the deputy commissioner for health care access and 5 persons to be appointed by the attorney general, 1 of whom shall be a health care finance expert;  1 of whom shall be an actuary; 1 of whom shall be a consumer of health care; 1 of whom shall be a member of the Retired State, County and Municipal Employees Association of Massachusetts; and 1 of whom shall be a member of the Massachusetts AFL-CIO.

Said commission shall report to the general court the results of its investigation and study and its recommendations, if any, together with drafts of legislation necessary to carry its recommendations into effect, by filing the same with the clerk of the senate and the clerk of the house of representatives on or before June 30, 2020.