LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION May 20, 2009 TO: Honorable John T. Smithee, Chair, House Committee on Insurance FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:SB485 by Deuell (Relating to medical loss ratios of preferred provider benefit plan issuers.), As Engrossed No significant fiscal implication to the State is anticipated. The bill would amend the Insurance Code relating to medical loss ratios of perferred provider benefit plan issuers. The bill would require certain insurers to include their medical loss ratio in an existing annual report. Based on the analysis provided by the Texas Department of Insurance, any costs associated with collecting the additional information in the annual report could be absorbed within existing resources. Local Government Impact No fiscal implication to units of local government is anticipated. Source Agencies:454 Department of Insurance LBB Staff: JOB, KJG, MW, CH
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION
May 20, 2009
TO: Honorable John T. Smithee, Chair, House Committee on Insurance FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:SB485 by Deuell (Relating to medical loss ratios of preferred provider benefit plan issuers.), As Engrossed
TO: Honorable John T. Smithee, Chair, House Committee on Insurance
FROM: John S. O'Brien, Director, Legislative Budget Board
IN RE: SB485 by Deuell (Relating to medical loss ratios of preferred provider benefit plan issuers.), As Engrossed
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
SB485 by Deuell (Relating to medical loss ratios of preferred provider benefit plan issuers.), As Engrossed
SB485 by Deuell (Relating to medical loss ratios of preferred provider benefit plan issuers.), As Engrossed
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 medical loss ratios of perferred provider benefit plan issuers. The bill would require certain insurers to include their medical loss ratio in an existing annual report. Based on the analysis provided by the Texas Department of Insurance, any costs associated with collecting the additional information in the annual report could be absorbed within existing resources.
The bill would amend the Insurance Code relating to medical loss ratios of perferred provider benefit plan issuers. The bill would require certain insurers to include their medical loss ratio in an existing annual report. Based on the analysis provided by the Texas Department of Insurance, any costs associated with collecting the additional information in the annual report could be absorbed within existing resources.
Local Government Impact
No fiscal implication to units of local government is anticipated.
Source Agencies: 454 Department of Insurance
454 Department of Insurance
LBB Staff: JOB, KJG, MW, CH
JOB, KJG, MW, CH