OFFICE OF FISCAL ANALYSIS

Legislative Office Building, Room 5200

Hartford, CT 06106 (860) 240-0200

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

sSB-11

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


OFA Fiscal Note

State Impact: None

Municipal Impact: None

Explanation

The bill does not result in a fiscal impact to the state or municipalities. The state does not provide nor does it purchase health insurance through the exchange for its employees, retirees or municipalities. The bill is not anticipated to result in a cost to the state health insurance exchange, Access Health CT, a quasi-public state agency.

The bill permits the exchange to negotiate health insurance premiums with insurers who offer or intend to offer qualified health plans (QHPs) on the exchange. This provision is not anticipated to result in additional resources for the exchange as they currently review rate filings with the assistance of consultants.1 Pursuant to CGS 38a-1084(24) the exchange is responsible for “including the most comprehensive health plans…at the most affordable price…”

The Out Years

State Impact: None

Municipal Impact: None

1 Wakely Consulting currently has a contract with the state's exchange to provide support for, among other items, rate review. For example, the consultant provided a review of the 2014 rates, which were summarized in the exchange's Board of Directors' meeting presentation of July 30, 2013.

http://www.ct.gov/hix/lib/hix/Wakely_Consulting_Independent_Review_of_2014_Rate_Filings_v2.pdf