An Act Concerning Assessments And User Fees Charged To Health Carriers By The Connecticut Health Insurance Exchange.
Impact
If enacted, HB 6192 would significantly alter the way the Connecticut Health Insurance Exchange operates regarding its financial interactions with health carriers. By mandating legislative approval for fee adjustments, the bill aims to increase oversight and accountability of the Exchange's financial decisions. This could potentially lead to a more transparent process and provide assurance to health carriers about the fairness of assessment practices. However, it may also slow down the Exchange's ability to respond to market changes due to the additional layer of legislative scrutiny.
Summary
House Bill 6192 seeks to amend section 38a-1083 of the general statutes in Connecticut. The primary objective of this legislation is to require the Connecticut Health Insurance Exchange to secure legislative approval before making any modifications to existing assessments or user fees that are charged to health carriers. Additionally, the bill aims to impose the same requirement for any new assessments or user fees that the Exchange may wish to introduce in the future. The bill was introduced by Representative Sampson and referred to the Insurance and Real Estate Committee during the January session of 2017.
Contention
One potential point of contention surrounding this bill is the balance between regulatory oversight and the operational efficiency of the Connecticut Health Insurance Exchange. Proponents may argue that requiring legislative approval is essential for preventing arbitrary fee increases that could burden health carriers, thereby ensuring that such fees are justified and reasonable. Conversely, opponents might argue that this requirement could hinder the Exchange's ability to act swiftly in a dynamic healthcare environment, potentially leading to delays in necessary funding or adjustments to user fees that reflect market realities.
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