90th General Assembly
Summary of HB0048
   [ Home ]   [ Back ]   [ Legislation ]
Please enter a bill number.

 Full Text  Bill Status
House Sponsors:

Short description: 
SENIOR HLTH INS COMMISSION                                                 

Synopsis of Bill as introduced:
        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.           
Last action on Bill: SESSION SINE DIE

   Last action date: 99-01-12

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


 Full Text  Bill Status