OFFICE OF FISCAL ANALYSIS

Legislative Office Building, Room 5200

Hartford, CT 06106 (860) 240-0200

http: //www.cga.ct.gov/ofa

HB-6582

AN ACT ESTABLISHING THE CONNECTICUT HEALTHCARE PARTNERSHIP.

AMENDMENT

LCO No.: 8674

File Copy No.: 995

House Calendar No.: 225

Senate Calendar No.: 675

OFA Fiscal Note

SEE BELOW

The amendment requires the self-insured group health plan established by the underlying bill to comply with statutory reserve, net worth, and financial reporting requirements related to the sale of commercial insurance products. Given the state's system of modified cash basis accounting, it is unclear how the state would be impacted, if at all, in establishing a reserve for the self-funded group health plan.

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.