The proposed resolution would direct the Legislative Budget and Finance Committee to estimate Pennsylvania’s potential costs for required insurance benefits and examine effects on insurance markets.
The Legislative Budget and Finance Committee would study costs Pennsylvania may have to pay for required insurance benefits. It would report to lawmakers within one year after adoption.
The Pennsylvania Insurance Department would give the study committee information its executive director considers necessary. The department would remove identifying details before sharing it.
The Legislative Budget and Finance Committee would study state costs for required health insurance benefits and report its findings and recommendations to lawmakers. The study would list every health insurance benefit requirement lawmakers adopted since December 31, 2011. It would examine each requirement’s effects, including cost changes in insurance sold to individuals and small employers. The study would examine whether federal rules require Pennsylvania to pay for each required benefit and estimate state costs when they do. The report would be due no later than one year after the resolution is adopted.
The Pennsylvania Insurance Department would provide records and information needed for the study. The duty would cover department records, data, and other information needed to carry out the study. The committee’s executive director would decide which information is necessary. The department would provide the information with identifying details removed.
No hearings or votes scheduled.