Connecticut Senate Bill SB00318

Connecticut 2019 Regular Session

• Introduced: 1/23/19
• Refer: 1/23/19

Caption

An Act Requiring Prior Approval Of Assessments And User Fees Charged To Health Carriers By The Connecticut Health Insurance Exchange.

Impact

If enacted, this bill would significantly alter the current operational framework of the Connecticut Health Insurance Exchange. It would provide health carriers with a platform to voice their concerns and opinions regarding proposed assessments and fees, potentially leading to a more equitable pricing structure. Additionally, the legislative approval process would create a system of checks and balances intended to prevent arbitrary fee increases. This shift could also foster a more cooperative relationship between the Exchange and health carriers, enhancing communication and trust.

Summary

SB00318 proposes to amend chapter 706c of the General Statutes of Connecticut by requiring the Connecticut Health Insurance Exchange to hold a public hearing and obtain legislative approval before charging any assessment or user fees to health carriers. The core intention of this bill is to ensure transparency and accountability in the financial dealings of the Health Insurance Exchange, particularly in how fees can impact health carriers operating within the state. By mandating public hearings and legislative oversight, the bill aims to involve stakeholders in discussions regarding potential fees, thereby safeguarding the interests of health carriers.

Contention

Despite its objectives of transparency and accountability, SB00318 could raise concerns among proponents of the Health Insurance Exchange. Critics may argue that introducing mandatory public hearings and legislative approval could lead to delays in implementing necessary fees, thereby impacting the Exchange’s ability to operate efficiently. There are also fears that it could politicize the process of setting fees, making it difficult for the Exchange to respond promptly to changing market conditions or financial needs. Thus, the bill may face opposition from those who advocate for a more streamlined operational approach in managing health insurance regulations.