LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION May 4, 2009 TO: Honorable John T. Smithee, Chair, House Committee on Insurance FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:HB3264 by Rose (Relating to notifying certain persons of the medical loss ratios of health benefit plan issuers.), Committee Report 1st House, Substituted No significant fiscal implication to the State is anticipated. The bill would amend the Insurance Code relating to notifying certain persons of the medical loss ratios of health benefit plan issuers. The bill would require certain health care plans to provide notices of the medical loss ratios to enrollees. The bill would require the Texas Department of Insurance (TDI) to adopt rules to implement the provisions of the bill. TDI indicates that any costs associated with the bill could be absorbed within agency resources. Based on analysis provided by the Employee Retirement System, the Teacher Retirement System, and the University of Texas System Administration, the bill would have no significant fiscal impact on these agencies. Any costs associated with implementation of this bill could be absorbed within existing agency resources. Based on information provided by the Texas A&M University System Administration, this bill would have no fiscal impact on the agency. Local Government Impact No fiscal implication to units of local government is anticipated. Source Agencies:454 Department of Insurance, 323 Teacher Retirement System, 327 Employees Retirement System, 710 Texas A&M University System Administrative and General Offices, 720 The University of Texas System Administration LBB Staff: JOB, CH, KJG
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION
May 4, 2009
TO: Honorable John T. Smithee, Chair, House Committee on Insurance FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:HB3264 by Rose (Relating to notifying certain persons of the medical loss ratios of health benefit plan issuers.), Committee Report 1st House, Substituted
TO: Honorable John T. Smithee, Chair, House Committee on Insurance
FROM: John S. O'Brien, Director, Legislative Budget Board
IN RE: HB3264 by Rose (Relating to notifying certain persons of the medical loss ratios of health benefit plan issuers.), Committee Report 1st House, Substituted
Honorable John T. Smithee, Chair, House Committee on Insurance
Honorable John T. Smithee, Chair, House Committee on Insurance
John S. O'Brien, Director, Legislative Budget Board
John S. O'Brien, Director, Legislative Budget Board
HB3264 by Rose (Relating to notifying certain persons of the medical loss ratios of health benefit plan issuers.), Committee Report 1st House, Substituted
HB3264 by Rose (Relating to notifying certain persons of the medical loss ratios of health benefit plan issuers.), Committee Report 1st House, Substituted
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
The bill would amend the Insurance Code relating to notifying certain persons of the medical loss ratios of health benefit plan issuers. The bill would require certain health care plans to provide notices of the medical loss ratios to enrollees. The bill would require the Texas Department of Insurance (TDI) to adopt rules to implement the provisions of the bill. TDI indicates that any costs associated with the bill could be absorbed within agency resources. Based on analysis provided by the Employee Retirement System, the Teacher Retirement System, and the University of Texas System Administration, the bill would have no significant fiscal impact on these agencies. Any costs associated with implementation of this bill could be absorbed within existing agency resources. Based on information provided by the Texas A&M University System Administration, this bill would have no fiscal impact on the agency.
The bill would amend the Insurance Code relating to notifying certain persons of the medical loss ratios of health benefit plan issuers. The bill would require certain health care plans to provide notices of the medical loss ratios to enrollees. The bill would require the Texas Department of Insurance (TDI) to adopt rules to implement the provisions of the bill. TDI indicates that any costs associated with the bill could be absorbed within agency resources.
Based on analysis provided by the Employee Retirement System, the Teacher Retirement System, and the University of Texas System Administration, the bill would have no significant fiscal impact on these agencies. Any costs associated with implementation of this bill could be absorbed within existing agency resources.
Based on information provided by the Texas A&M University System Administration, this bill would have no fiscal impact on the agency.
Local Government Impact
No fiscal implication to units of local government is anticipated.
Source Agencies: 454 Department of Insurance, 323 Teacher Retirement System, 327 Employees Retirement System, 710 Texas A&M University System Administrative and General Offices, 720 The University of Texas System Administration
454 Department of Insurance, 323 Teacher Retirement System, 327 Employees Retirement System, 710 Texas A&M University System Administrative and General Offices, 720 The University of Texas System Administration
LBB Staff: JOB, CH, KJG
JOB, CH, KJG