(1) It is the intent of the General Assembly to create and maintain an informative source of healthcare information to support consumers, researchers, and policymakers in healthcare decisions within the state, including decisions by the State Insurance Department to regulate the business of insurance in this state.
(2) The purpose of this subchapter is to: Empower Arkansans to drive, deliver, and seek out value in the healthcare system;
(3) Create the Arkansas Healthcare Transparency Initiative;
(4) Establish governance of the Arkansas Healthcare Transparency Initiative;
(5) Provide authority to collect healthcare information from insurance carriers and other entities; and
(6) Establish appropriate methods for collecting, maintaining, and reporting healthcare information, including privacy and security safeguards.