30 ILCS 105/5.449 new
Creates the Senior Health Insurance Coverage Commission Act.
Provides for a Senior Health Insurance Coverage Commission consisting
of the State Treasurer, State Comptroller, Director of Insurance, and
18 persons appointed by the Governor and confirmed by the Senate to
provide for health insurance for persons age 62 or older whose income
is less than $10,000 per year. Authorizes the Commission to charge
premiums for the coverage and to impose an annual privilege fee on
insurers and pharmaceutical companies to pay for the coverage.
Creates the Senior Health Insurance Coverage Fund, a special fund in
the State Treasury. Sets forth the powers of the Commission.
Effective July 1, 1997.
FISCAL NOTE (Dept. of Insurance)
Based on the establishment of the CHIP plan: yearly administra-
tive costs could run as high as $100,000 and current subsidies,
covering the difference between policyholder premiums and the
cost of coverage, cost the State $17 million GRF annually.
97-01-08 H FIRST READING
97-01-08 H REFERRED TO HOUSE RULES COMMITTEE RULES
97-01-22 H ASSIGNED TO COMMITTEE HTHCR-AVB-ACS
97-01-29 H ADDED AS A JOINT SPONSOR SCOTT
97-01-30 H ADDED AS A CO-SPONSOR MCKEON
97-01-30 H ADDED AS A CO-SPONSOR SANTIAGO
97-02-13 H FISCAL NOTE FILED
97-02-13 H COMMITTEE HEALTH CARE
97-03-21 H RE-REFERRED TO RULES COMM/RULE 19(A) RULES HRUL
99-01-12 H SESSION SINE DIE
END OF INQUIRY
Full Text Bill Summary