Fiscal Note - State of Utah - 2014 General Session
HB0141S02 - Health Reform Amendments
State Government (UCA 36-12-13(2)(b)):
The risk adjustment program could cost the Insurance Department $265,500 annually. Federal grants could cover first year costs and then fee revenue from the Small Employer Risk Adjustment Enterprise Fund would take over payments. The Insurance Department will likely have $2,300 in one-time rule making costs. Spending from the Insurance Department Restricted Account affects the annual revenue transfer to the General Fund.
Beginning in FY 2015, Medicaid Inspector General gathered enrollment data may result in an ongoing $1,000,000 General Fund recovery increase.
| State Budget Detail Table | FY 2014 | FY 2015 | FY 2016 |
| Revenue: | |||
| General Fund | $0 | $1,000,000 | $1,000,000 |
| General Fund, One-Time | $0 | ($2,300) | $0 |
| Restricted Funds | $0 | $267,800 | $265,500 |
| Restricted Funds | $0 | ($265,500) | $0 |
| Total Revenue | $0 | $1,000,000 | $1,265,500 |
| Expenditure: | |||
| Federal Funds | $0 | $265,500 | $0 |
| Restricted Funds | $0 | $267,800 | $265,500 |
| Restricted Funds | $0 | ($265,500) | $0 |
| Total Expenditure | $0 | $267,800 | $265,500 |
| Net Impact, All Funds (Rev.-Exp.) | $0 | $732,200 | $1,000,000 |
| Net Impact, General/Education Funds (Rev.-Exp.) | $0 | $997,700 | $1,000,000 |
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)):
An estimated 40 companies could pay fees of $6,637 annually for the risk adjustment program.
Performance Note Required? (Joint Rule 4-2-404): No
| 3/5/2014, 11:31:03 AM, Lead Analyst: Wilko, A./Attny: CJD | Office of the Legislative Fiscal Analyst |