Texas House Bill HB193

Texas 2017 - 85th 1st C.S.

Caption

Relating to an appropriation of money from the economic stabilization fund to decrease health insurance premiums and deductibles for certain health benefit plans administered by the Teacher Retirement System of Texas.

Impact

The bill is expected to have a significant positive impact on the financial burdens faced by retired school employees in Texas. By reducing premiums and deductibles, the legislation aims to make health insurance more accessible and affordable for educators after their retirement. This financial assistance can help ensure that retired educators maintain access to essential healthcare without being overly burdened by out-of-pocket expenses. In a state where healthcare costs continue to rise, this appropriation may therefore serve to alleviate some of the strain experienced by this group.

Summary

House Bill 193 is an appropriation bill aimed at decreasing health insurance premiums and deductibles for specific health benefit plans administered by the Teacher Retirement System of Texas. The legislation proposes to allocate $150 million from the economic stabilization fund to reduce costs for enrollees participating in high deductible health plans during the 2018 and 2019 plan years. The focus is on providing financial relief to retired school employees who may be facing rising health insurance costs, thereby promoting better accessibility to necessary healthcare services for this demographic.

Contention

As with many legislative measures that involve appropriations and funding allocations, there may be discussions and disagreements among lawmakers regarding the use of the economic stabilization fund. Some legislators may argue about the effectiveness of the bill in addressing the needs of retired school employees compared to other potential uses of the funds. Additionally, there may be contention regarding the long-term sustainability of funding health insurance premiums and whether similar bills should be considered for other public sector retirees who also require assistance. Stakeholders and advocacy groups may also weigh in on the necessity and adequacy of the appropriated funds.