LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 88TH LEGISLATIVE REGULAR SESSION April 18, 2023 TO: Honorable Giovanni Capriglione, Chair, House Committee on Pensions, Investments & Financial Services FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB840 by Gates (Relating to the establishment of a bundled-pricing program to reduce certain health care costs in the state employees group benefits program.), As Introduced No significant fiscal implication to the State is anticipated. The bill would amend the Insurance Code to require the Employees Retirement System (ERS) to develop a cost-positive bundled-pricing program for health benefit plans provided under the Group Benefits Program administered by ERS. According to ERS, some administrative costs will result from implementing the provisions of the bill. This analysis assumes any costs associated with the bill can be absorbed using existing resources. Local Government ImpactNo significant fiscal implication to units of local government is anticipated. Source Agencies: b > td > 327 Employees Retirement System, 454 Department of Insurance LBB Staff: b > td > JMc, MOc, LCO, JPO, NV
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 88TH LEGISLATIVE REGULAR SESSION
April 18, 2023
TO: Honorable Giovanni Capriglione, Chair, House Committee on Pensions, Investments & Financial Services FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB840 by Gates (Relating to the establishment of a bundled-pricing program to reduce certain health care costs in the state employees group benefits program.), As Introduced
TO: Honorable Giovanni Capriglione, Chair, House Committee on Pensions, Investments & Financial Services
FROM: Jerry McGinty, Director, Legislative Budget Board
IN RE: HB840 by Gates (Relating to the establishment of a bundled-pricing program to reduce certain health care costs in the state employees group benefits program.), As Introduced
Honorable Giovanni Capriglione, Chair, House Committee on Pensions, Investments & Financial Services
Honorable Giovanni Capriglione, Chair, House Committee on Pensions, Investments & Financial Services
Jerry McGinty, Director, Legislative Budget Board
Jerry McGinty, Director, Legislative Budget Board
HB840 by Gates (Relating to the establishment of a bundled-pricing program to reduce certain health care costs in the state employees group benefits program.), As Introduced
HB840 by Gates (Relating to the establishment of a bundled-pricing program to reduce certain health care costs in the state employees group benefits program.), As Introduced
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 to require the Employees Retirement System (ERS) to develop a cost-positive bundled-pricing program for health benefit plans provided under the Group Benefits Program administered by ERS. According to ERS, some administrative costs will result from implementing the provisions of the bill. This analysis assumes any costs associated with the bill can be absorbed using existing resources.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.
Source Agencies: b > td > 327 Employees Retirement System, 454 Department of Insurance
327 Employees Retirement System, 454 Department of Insurance
LBB Staff: b > td > JMc, MOc, LCO, JPO, NV
JMc, MOc, LCO, JPO, NV