HB 875 (BR 2317) - S. Baugh
AN ACT relating to mandated health insurance benefits.
Amend KRS 6.948 on mandated health benefits to provide that any bill or amendment that contains a mandated health benefit shall be accompanied by a financial impact statement before final consideration by the standing committee to which the measure is referred and, in the case of a floor amendment, before consideration of the amendment by the body in which the amendment is filed; require the Department of Insurance to prepare the financial impact statement; require the sponsor to request the department to prepare the statement; provide that if the request if submitted before the measure is filed, the department shall keep the measure confidential and the financial impact statement shall be confidential until released by the sponsor; permit the majority of members present at any standing committee, acting through the chair, to request the department to prepare a financial impact statement; require the financial impact statement to determine the extent to which the mandated health benefit will increase or decrease administrative expenses of insurers, will increase or decrease premiums, and will impact the total cost of health care in Kentucky; require the financial impact statement to be completed no later than thirty (30) days after request; require the statement to be in writing and signed by the commissioner or the commissioner's designee.
Mar 4-introduced in House
Mar 5-to Banking and Insurance (H)