Connecticut Senate Bill SB00456

Connecticut 2023 Regular Session

• Introduced: 1/18/23
• Refer: 1/18/23

Caption

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

Impact

If enacted, the bill would alter the procedures governing how user fees and assessments are levied on health insurance carriers by the Connecticut Health Insurance Exchange. By mandating that any changes to these charges receive legislative approval, the bill aims to ensure that stakeholders have a say in the matter, potentially increasing accountability regarding how health carriers are financially regulated. This could also lead to adjustments in the costs borne by these carriers and ultimately impact the consumers relying on their services.

Summary

SB00456, titled 'An Act Concerning Assessments And User Fees Charged To Health Carriers By The Connecticut Health Insurance Exchange', seeks to establish a requirement for the Connecticut Health Insurance Exchange to obtain legislative approval prior to modifying existing assessments or user fees. This change is intended to promote transparency and oversight in the financial dealings of the Exchange.

Contention

The bill has the potential to spark debate within the legislature regarding the balance between regulatory oversight and administrative autonomy. Proponents may argue that increased scrutiny of fees is essential to safeguard public interest and prevent unwarranted financial burdens on health insurers. Critics, however, may view the requirement for legislative approval as an added layer of bureaucracy that could hinder the efficient operation of the Insurance Exchange. The discussions could center around the implications this has for maintaining an effective and responsive health insurance market.