Senate bill · S10080 (2025-26)
Requires the superintendent of financial services to conduct a review of mandated benefits and their impact on insurance premiums and to conduct a cost…
Official titleShow
Requires the superintendent of financial services to conduct a review of mandated benefits and their impact on insurance premiums and to conduct a cost analysis of legislation mandating new insurance benefits
The heading above is this same sentence with its legal opening removed. No words were added, changed or reordered.
New York State Senate
Same as A8364, the matching bill in the Assembly.
Summary
Requires the superintendent of financial services to conduct a review of mandated benefits in effect as of December 31, 2025 and their impact on insurance premiums and to conduct a cost analysis of legislation mandating new insurance benefits to examine the impact on insurance premiums prior to the adoption of such legislation.
Summary from NY Open Legislation. How we handle summaries
Amends the Financial Services Law.
From NY Open Legislation, the NY Senate and Assembly, and official rosters. This record was last updated Oct 21, 2026. About our data
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Purpose, from the sponsor's memo
The legislation would require the Department of Financial Services to conduct a review of mandated health benefits required by New York State law in effect as of December 31, 2024, as well as require the Department to conduct a cost analysis of the impact of any new mandated health benefit on health insurance premiums before the new requirement could take effect.
Filed with the bill. Read it on nysenate.gov (opens in a new tab)
Where it stands
Out of committee and scheduled for a vote by the full chamber.
- Introduced
- In committee
- Up for a vote
- Passed one chamber
- Passed
- Enacted
Committee
Insurance · New York State Assembly
Also referred to Insurance · New York State Senate.
The sponsor's argument
Why Jamaal Bailey says this is needed
More than 30 states have laws that require an evaluation of mandated benefits, analyzing the impact on the cost of health care coverage. In 2007, New York created the New York State Health Care Quality and Cost Containment Commission, which was charged with analyzing the cost and efficacy of proposed mandated benefits. Unfortunately, the Commission has never been seated. The legislation would establish a formal mechanism for the Department of Financial Services to review the fiscal impact of mandated benefits. This would provide for an independent, and evidence-based analysis for policymakers, employers and consumers to understand the impact of new mandated benefits on the cost of coverage and ensure that those costs are accurately reflected in premiums.
This is the sponsor's own case for the bill, quoted from their memorandum. It is not Agora's description of what the bill does.
Full history
- May 20, 2026
Reported out of committee
REPORTED REFERRED TO WAYS AND MEANS
NY Assembly
- May 7, 2026
Amend and Recommit to Insurance
AMEND AND RECOMMIT TO INSURANCE
NY Assembly
- Apr 27, 2026
Referred to committee
REFERRED TO INSURANCE
NY Senate
- Jan 7, 2026
Referred to committee
REFERRED TO INSURANCE
NY Assembly
- May 13, 2025
Referred to committee
REFERRED TO INSURANCE
NY Assembly