Connecticut Senate Bill SB00334

Connecticut 2019 Regular Session

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

Caption

An Act Concerning Assessments And User Fees Charged To Health Carriers By The Connecticut Health Insurance Exchange.

Impact

The implementation of SB00334 is expected to have significant implications for the operational dynamics of the Connecticut Health Insurance Exchange. By introducing a legislative approval mechanism, the bill seeks to protect health carriers from unexpected financial burdens that could arise from arbitrary fee changes. This change is designed to foster a more transparent interaction between the Exchange and health carriers, potentially leading to more collaborative financial strategies that benefit both parties.

Summary

SB00334 aims to regulate the processes by which the Connecticut Health Insurance Exchange can assess user fees and other charges to health carriers. The bill specifically requires that any modifications to existing assessments or the introduction of new fees must be approved by the legislature before they can take effect. This requirement intends to enhance accountability and oversight of the financial practices of the Exchange, ensuring that health carriers have a say in the fees they are charged.

Contention

While the bill seeks to increase oversight, it may also face criticism regarding its potential to slow down the financial decision-making process within the Exchange. Proponents argue that legislative approval will lead to more equitable and reasonable fee structures, while opponents might contend that it could hinder the Exchange's ability to quickly respond to market changes or financial needs. As such, discussions around SB00334 highlight the balance between necessary oversight and the flexibility required for an effective health insurance marketplace.