OFFICE OF FISCAL ANALYSIS
Legislative Office Building, Room 5200
Hartford, CT 06106 (860) 240-0200
http://www.cga.ct.gov/ofa
SB-364
AN ACT CONCERNING HEALTH INSURANCE.
AMENDMENT
LCO No.: 5670
File Copy No.: 315
Senate Calendar No.: 234
Primary Analyst: MP 4/28/22
Contributing Analyst(s): ()
OFA Fiscal Note
State Impact:
Agency Affected Fund-Effect FY 23 $ FY 24 $
Insurance Dept. IF -
Indeterminate
Potential Potential
Note: IF=Insurance Fund
Municipal Impact: None
Explanation
The amendment strikes the underlying bill and its associated fiscal
impact, and results in the fiscal impact described below.
The amendment may result in a change in costs and an equally sized
change in revenue to the Insurance Department (DOI) associated with
the Health Benefit Review Program (HBRP). Unchanged by the
amendment, costs of the program are reimbursed by domestic carriers,
so there is no anticipated net fiscal impact to the state.
To the extent that the amendment's modifications to the mandate
process result in more or more frequent referrals to the HBRP, DOI will
incur more contract costs to analyze the mandate proposals. The most
recent review was conducted in FY 15 at a cost of $536,029.
On a per-review basis, the amendment's provisions are likely to result
in savings compared to current law. Specifically, limits to the number 2022SB-00364-R00LCO05670-FNA.DOCX Page 2 of 2
and type of mandates, changes to the criteria that must be evaluated,
and the potential for competitive bidding may result in contract cost
savings when reviews are conducted.