Division of the Budget Landon State Office Building Phone: (785) 296-2436 900 SW Jackson Street, Room 504 adam.c.proffitt@ks.gov Topeka, KS 66612 http://budget.kansas.gov Adam Proffitt, Director Laura Kelly, Governor Division of the Budget January 25, 2023 The Honorable William Sutton, Chairperson House Committee on Insurance 300 SW 10th Avenue, Room 218-N Topeka, Kansas 66612 Dear Representative Sutton: SUBJECT: Fiscal Note for HB 2094 by House Committee on Insurance In accordance with KSA 75-3715a, the following fiscal note concerning HB 2094 is respectfully submitted to your committee. Under current law, a health maintenance organization or Medicare provider organization, in order to obtain a certificate of authority from the Kansas Insurance Commissioner, must provide monthly financial projections from the anticipated date of certificate for the first year and quarterly statements for the subsequent two years. HB 2094 would only require financial projections on a yearly basis from the date of application for all three years. The bill would also require that if a health maintenance organization or Medicare provider organization is expected to incur a deficit, financial projections for each deficit year would be sent to the Commissioner for up to five years. The Kansas Insurance Department, the League of Kansas Municipalities, and the Kansas Association of Counites all state that the bill would not have a fiscal effect to its operations. Sincerely, Adam Proffitt Director of the Budget cc: Bobbi Mariani, Insurance Department Wendi Stark, League of Kansas Municipalities Jay Hall, Kansas Association of Counties