An Act Concerning The State Employee, Partnership And Municipal Employee Health Insurance Plans.
Impact
The proposed bill also requires that any transfer of state funds to cover losses incurred by the state employee or partnership plans must go through the Finance Advisory Committee. This provision aims to enhance accountability and transparency in the fiscal management of public health insurance programs. Additionally, the Auditors of Public Accounts are tasked with annual reporting on the financial health of these plans to relevant state agencies, which is intended to maintain vigilance over the budgetary implications of public employee health care costs.
Summary
House Bill 05338 aims to reform the administration of health insurance plans for state and municipal employees. The bill directs the Comptroller to take specific actions regarding health insurance plans, ensuring that they undergo examination by certified actuaries and are secured by stop-loss coverage. It establishes that these plans should adhere to the same regulations as other group health plans, including prior rate review by the Insurance Department and a mandated medical loss ratio of at least eighty percent. This measure intends to improve the financial oversight and stability of the health insurance offerings for state and municipal employees.
Contention
While HB 05338 is designed to strengthen the regulation and oversight of health insurance for state employees, there are potential points of contention related to funding and the implications of increased regulations. Supporters argue that improved accountability mechanisms will safeguard taxpayer interests and enhance service quality, while opponents may raise concerns about the potential for increased administrative burdens on health insurance providers. The bill’s reception will ultimately depend on stakeholder responses within the insurance industry and among public employees who are affected by these changes.
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 Authorizing And Adjusting Bonds Of The State And Concerning Provisions Related To State And Municipal Tax Administration, General Government And School Building Projects.
An Act To Amend Title 6 Of The Delaware Code Relating To The Creation, Regulation, Operation, And Dissolution Of Domestic Limited Partnerships And The Registration And Regulation Of Foreign Limited Partnerships.
An Act To Amend Title 6 Of The Delaware Code Relating To The Creation, Regulation, Operation, And Dissolution Of Domestic Partnerships And The Registration And Regulation Of Foreign Limited Liability Partnerships.