Georgia Senate Bill SB65

Georgia 2023-2024 Regular Session

• Introduced: 2/1/23
• Refer: 2/2/23
• Report Pass: 2/9/23
• Engrossed: 2/14/23
• Report Pass: 2/22/23
• Enrolled: 4/5/23
• Chaptered: 5/2/23
• Passed: 5/2/23

Caption

Commissioner of Insurance; general provisions; establishing an advisory committee; provisions; authorize

Impact

The passage of SB65 will significantly impact state laws by enabling a structured approach for establishing an insurance exchange, which is crucial for promoting health coverage options among residents. By repealing previous exemptions and prohibitions, the bill paves the way for a more robust interaction between state and federal healthcare systems. This change is expected to facilitate better health outcomes by increasing the availability of insurance products while ensuring that the state can efficiently manage these exchanges.

Summary

Senate Bill 65 (SB65) aims to amend the general provisions of the Georgia insurance code by granting the Commissioner of Insurance the authority to take various actions related to the establishment and operation of an insurance exchange. The bill includes provisions for the Commissioner to create, implement, or operate a state, federal, or partnership exchange or marketplace and to apply for federal moneys that may assist with these activities. This strategic shift is intended to enhance the accessibility of insurance options within Georgia, aligning the state’s processes with federal guidelines while also responding to the healthcare needs of its residents.

Sentiment

The sentiment around SB65 is largely supportive, particularly among those who advocate for improved access to healthcare and insurance coverage. Proponents argue that the bill is a progressive step towards enhancing consumer choice and facilitating better healthcare delivery in Georgia. However, there are concerns from skeptics who worry that the establishment of an exchange might impose additional regulatory burdens and could potentially lead to increased healthcare costs in the long run.

Contention

Notable points of contention surrounding SB65 concern the specifics of the advisory committee to be established under the bill. Critics have raised questions about the composition and authority of this committee, fearing it may lack adequate representation of consumer interests. Furthermore, there are apprehensions regarding the repercussions of abandoning past restrictions, which were designed to protect residents from potential market failures. Thus, while SB65 is seen as a necessary modernization of Georgia's insurance framework, the ongoing debate reflects deep-seated concerns about the balance between regulation, market forces, and consumer protection.