2013 Kentucky Revised Statutes CHAPTER 6 - THE GENERAL ASSEMBLY 6.948 Financial impact statement requirement for bill or amendment with mandated health benefit -- Preparation of statement by Department of Insurance -- Contents -- Time for completion of statements.
Download as PDF
6.948 Financial impact statement requirement for bill or amendment with
mandated health benefit -- Preparation of statement by Department of
Insurance -- Contents -- Time for completion of statements.
(1)
(2)
(3)
(4)
(5)
(6)
For purposes of this section, "mandated health benefit" means any
requirement that any health benefit plan, as defined in KRS 304.17A-005:
(a) Provide a specified benefit;
(b) Include a specified coverage;
(c) Pay, indemnify, or reimburse for a specified medical service; or
(d) Pay, indemnify, or reimburse specified health care providers for specific
health care services.
(a) On and after June 24, 2003, in the General Assembly, a sponsor of a bill
or an amendment that contains a mandated health benefit shall cause a
financial impact statement to be prepared and attached to the measure
before final consideration by the standing committee to which the
measure has been referred.
(b) A bill in the orders of the day in the House or the Senate which does not
have attached a financial impact statement as required by this section
shall be retained in the orders of the day but passed over in the orders of
the day until the financial impact statement is attached. Members may
require, by a majority vote, that a financial impact statement be prepared
on any bill and on any amendment in the orders of the day. Any member
proposing an amendment from the floor which contains a mandated
health benefit shall cause a financial impact statement to be prepared and
attached to the amendment. Until the time a financial impact statement is
prepared and attached to an amendment that contains a mandated health
benefit, action on the proposed amendment shall not be in order.
The financial impact statement shall be prepared by the Department of
Insurance as provided in subsection (6) of this section.
The sponsor of a bill or amendment that contains a mandated health benefit
shall request the Department of Insurance, as soon as practicable, to prepare a
financial impact statement. If the sponsor submits a request prior to filing the
measure with the clerk of the House or Senate, the department shall keep the
measure confidential until the sponsor authorizes public distribution. The
department shall keep all financial impact statements and all requests for
statements confidential until the person requesting the financial impact
statement authorizes public distribution.
A majority of the members present at a meeting of any standing committee of
the General Assembly, acting through the committee chair, may request the
commissioner of the Department of Insurance to prepare a financial impact
statement for any measure before the committee and submit the statement in
accordance with subsection (6) of this section.
(a) The financial impact statement shall be in writing and signed by the
commissioner of the Department of Insurance or the commissioner's
designee, and shall determine the extent to which:
1.
The mandated health benefit will increase or decrease the
administrative expenses of insurers;
2.
3.
(b) 1.
2.
3.
The mandated health benefit will increase or decrease premiums;
and
The mandated health benefit will impact the total cost of health care
in the Commonwealth, including any potential cost savings that may
be realized.
If the sponsor of a bill that contains a mandated health benefit
submits the request for a financial impact statement prior to filing the
bill, the financial impact statement shall be completed as soon as
possible, but no later than thirty (30) days after the request by the
sponsor, unless the sponsor and the commissioner of the
Department of Insurance agree otherwise.
The financial impact statement shall be completed as soon as
possible, but no later than thirty (30) days after the request by the
sponsor of a measure before a standing committee under
subsection (2) of this section or by the committee chair under
subsection (5) of this section.
The financial impact statement shall be completed as soon as
possible after the request by a majority vote of the House or Senate
or by the sponsor of a floor amendment pursuant to subsection
(2)(b) of this section.
Effective:July 15, 2010
History: Amended 2010 Ky. Acts ch. 24, sec. 3, effective July 15, 2010. -Amended 2003 Ky. Acts ch. 193, sec. 1, effective June 24, 2003. -- Created
1998 Ky. Acts ch. 496, sec. 42, effective April 10, 1998.
Disclaimer: These codes may not be the most recent version. Kentucky may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.