HB800
Log in to followAN ACT relating to fiscal impact statements.
Amend KRS 6.948 to require the commissioner of the Department of Insurance to include in a health mandate fiscal impact statement and state employee health plan impact statement any documentation, studies, written opinions, calculations, and citations in support of his or her findings and conclusions; include in the statement an estimate of any potential future cost savings, including an explanation why the bill would or would not provide future cost savings; require the commissioner to…
Introduced: February 19, 2025
Last action: February 26, 2025
Plain-language summary
This bill would require the state Insurance Commissioner to provide more detailed backup information when analyzing the financial impact of proposed health insurance requirements, including supporting documents, studies, and cost estimates. It also requires the commissioner to formally certify that the information in these analyses is accurate. This matters to Kentuckians because it would make the financial review process for health insurance mandates more transparent and accountable. Who it may affect: Kentuckians who receive health insurance through their employer or the state employee health plan, and lawmakers who rely on these analyses when considering health coverage legislation.
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Legislative History
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Co-sponsors (1)
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