OFFICE OF FISCAL ANALYSIS

Legislative Office Building, Room 5200

Hartford, CT 06106 (860) 240-0200

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

HB-7042

AN ACT CONTROLLING CONSUMER HEALTH CARE COSTS.


OFA Fiscal Note

State Impact:

Agency Affected

Fund-Effect

FY 18 $

FY 19 $

Insurance Dept.

IF - Potential Cost

See Below

See Below

Note: IF=Insurance Fund

Municipal Impact: None

Explanation

This bill prohibits the General Assembly from enacting any legislation mandating insurers to cover a new health benefit without a health benefit review report from the Department of Insurance (DOI). To the extent that this results in additional reviews, there could be additional costs to the Insurance Fund. The potential costs would vary based on the requirements of each review.

The DOI can contract with The University of Connecticut Center for Public Health and Health Policy or an actuarial firm to complete the health benefit review report.

The Out Years

The annualized ongoing fiscal impact identified above would continue into the future subject to inflation.