To Require A Fiscal Impact Statement For Any Proposed Legislation Imposing A New Or Increased Cost Obligation For Health Benefit Plans, Including Pharmacy Benefits, On An Entity Of The State; And To Declare An Emergency.
The bill proposes amendments to existing Arkansas statutes, specifically Arkansas Code Title 10, Chapter 2, and Title 21, Chapter 5. It establishes protocols that require fiscal impact statements to be submitted and evaluated before any related legislation can advance through the General Assembly. This change is intended to ensure that decision-makers have access to crucial financial data that could affect the state's budget and the sustainability of health benefit programs, thereby fostering informed legislative action.
House Bill 1098 aims to mandate the preparation of a fiscal impact statement for any proposed legislation that imposes new or increased cost obligations for health benefit plans, including pharmacy benefits, affecting entities of the state. The bill highlights a growing concern regarding financial transparency and accountability in state-sponsored health insurance programs, particularly those serving public school employees and state employees. If passed, this measure would create a framework that encourages lawmakers to consider the financial implications of their proposed legislation before voting.
The sentiment surrounding HB 1098 appears largely positive, especially among proponents who view it as a necessary tool for promoting responsible governance. The bill was supported by a significant majority in the legislature during its voting process, reflecting a general consensus on the need for increased fiscal scrutiny. However, some concerns were raised regarding the burden that fiscal impact assessments could place on the legislative process, potentially slowing down the introduction of relevant bills.
One notable point of contention regarding HB 1098 is the balance between ensuring fiscal responsibility and maintaining legislative agility. Some lawmakers expressed concerns that rigorous fiscal requirements might delay urgent health-related legislation, which is crucial for public employees. Additionally, the requirement for a two-thirds vote to introduce such bills outside of the regular session could lead to situations where essential legislation fails to move forward in a timely manner, posing challenges for public health initiatives.