An Act Establishing A State Health Insurance Exchange.
Impact
The implementation of SB00921 significantly impacts state laws by establishing a formal mechanism for the state's health insurance exchange, which aligns with federal regulations set forth under the ACA. This law empowers the exchange to facilitate enrollment in qualified health plans, regulate premium rates, and collect data essential for ensuring compliance with the ACA’s standards. Additionally, the exchange is expected to contribute to a reduction in the number of uninsured individuals in Connecticut by ensuring the availability of affordable health insurance options.
Summary
Senate Bill No. 921, established as Public Act No. 11-53, creates a state health insurance exchange aimed at providing individuals and small employers with access to affordable health insurance options. The exchange is designed to facilitate the procurement of health plans that meet the minimum essential benefits as defined by the Affordable Care Act (ACA). It includes provisions for both individual coverage and small employer coverage, allowing for more streamlined access to health benefits for those who are currently uninsured or underinsured.
Sentiment
The sentiment surrounding SB00921 appears to be largely supportive, particularly among advocates for expanding access to healthcare. Proponents highlight the bill's potential to increase transparency in health insurance offerings and promote competition among providers. However, there are concerns regarding possible issues related to costs and the adequacy of funding for the exchange, issues that could impact its long-term sustainability and effectiveness in meeting the needs of vulnerable populations in the state.
Contention
Notable points of contention revolve around the bill's impact on small businesses and the overall financial management of the exchange. Opponents argue that while the bill aims to assist small employers, the associated costs of compliance and participation in the exchange may prove burdensome. Additionally, there are concerns regarding the adequacy of the network of providers available through the exchange, which could influence the quality of care received by insured individuals.
An Act Concerning Insurance Market Conduct And Insurance Licensing, The Insurance Department's Technical Corrections And Other Revisions To The Insurance Statutes And Captive Insurance.
An Act Prohibiting Certain Health Carriers From Requiring Step Therapy For Prescription Drugs Used To Treat A Mental Or Behavioral Health Condition Or A Chronic, Disabling Or Life-threatening Condition.
An Act Making Conforming Changes To The Insurance Statutes Pursuant To The Federal Patient Protection And Affordable Care Act, And Establishing A State Health Partnership Program.