Fiscal Note - State of Utah - 2013 General Session
SB0242 - Health Insurance Market Amendments
State Government (UCA 36-12-13(2)(b)):
Enactment of this bill could cost the Department of Insurance $3,300 from the Insurance Department Restricted Account one-time in FY 2014. Spending from the Insurance Department Restricted Account affects annual transfers to the General Fund.
| State Budget Detail Table | FY 2013 | FY 2014 | FY 2015 |
| Revenue: | |||
| General Fund, One-Time | $0 | ($3,300) | $0 |
| Restricted Funds | $0 | $3,300 | $0 |
| Total Revenue | $0 | $0 | $0 |
| Expenditure: | |||
| Restricted Funds | $0 | $3,300 | $0 |
| Total Expenditure | $0 | $3,300 | $0 |
| Net Impact, All Funds (Rev.-Exp.) | $0 | ($3,300) | $0 |
| Net Impact, General/Education Funds (Rev.-Exp.) | $0 | ($3,300) | $0 |
Local Governments (UCA 36-12-13(2)(c)):
Enactment of this bill likely will not result in direct, measurable costs for local governments.
Direct Expenditures by Utah Residents and Businesses (UCA 36-12-13(2)(d)):
For health insurers who are health maintenance organizations with at least 15% of the state�s fully insured market share, these insurers may have to accept more providers which may impact their ability to control costs via a smaller provider network. The health insurers will also incur the costs of due process for denying or terminating participation by physicians.
Performance Note Required? (Joint Rule 4-2-404): No
| 3/1/2013, 2:46:27 PM, Lead Analyst: Wilko, A./Attny: CJD | Office of the Legislative Fiscal Analyst |