OLR Bill Analysis

sSB 11

AN ACT CONCERNING THE DUTIES OF THE CONNECTICUT HEALTH INSURANCE EXCHANGE.

SUMMARY:

This bill explicitly allows the Connecticut Health Exchange, starting one year after the bill's passage, to negotiate premiums with health carriers (insurers) offering or seeking to offer qualified health plans through the exchange. A qualified health plan is one that is certified as meeting criteria outlined in the federal Affordable Care Act and state law. By law, (1) the exchange must seek to include in its offerings the most comprehensive health benefit plans providing high-quality benefits at the most affordable price, and (2) the Insurance Department must approve the rates charged for these plans.

EFFECTIVE DATE: Upon passage

COMMITTEE ACTION

Insurance and Real Estate Committee

Joint Favorable Substitute

Yea

14

Nay

5

(02/25/2014)