OFFICE OF FISCAL ANALYSIS
Legislative Office Building, Room 5200
Hartford, CT 06106 ↓ (860) 240-0200
AN ACT ESTABLISHING THE CONNECTICUT HEALTHCARE PARTNERSHIP.
LCO No.: 8592
File Copy No.: 995
House Calendar No.: 225
Senate Calendar No.: 675
OFA Fiscal Note
The amendment strikes sections 4 and 5 of the underlying bill. The amendment requires the Comptroller to send all applications seeking to join the state employee and retiree health plan to an actuary for evaluation to determine whether the applicant group would positively or negatively impact the existing pool. This is in contrast to the underlying bill provisions, which only required actuarial evaluation if an applicant applied for less than all of its employees. As a result, the amendment potentially reduces the risk of any adverse impact to the claims experience of the state health plans. To the degree that the underlying bill may have resulted in these groups shifting their participation in fully-insured health plans to procure coverage under Connecticut General Statute 5-259(i) , the amendment mitigates any potential revenue loss to the Insurance Premiums Tax. To the extent this would increase utilization of actuarial contract services, there may be an additional cost.
By requiring closer scrutiny of all applicant groups, the amendment may reduce potential savings for those groups who are denied access to the state health plans.
The preceding Fiscal Impact statement is prepared for the benefit of the members of the General Assembly, solely for the purposes of information, summarization and explanation and does not represent the intent of the General Assembly or either chamber thereof for any purpose. In general, fiscal impacts are based upon a variety of informational sources, including the analyst's professional knowledge. Whenever applicable, agency data is consulted as part of the analysis, however final products do not necessarily reflect an assessment from any specific department.