Fiscal Note
HB0267 - Utah Premium Partnership Program
State Impact:
Enactment of this bill will appropriate $2,000,000 ongoing General Fund to the Department of Health to implement the provisions of this legislation. These funds would enable the State to obtain additional matching Federal Funds of approximately $4,451,300. There could be a loss of Dedicated Credit Revenue due to an estimated shift of people from the Primary Care Network where there is a $50 enrollment fee to the Utah Premium Partnership which does not have an enrollment fee.
| Funding Source | FY 2007 Approp. | FY 2008 Approp. | FY 2009 Approp. | FY 2007 Revenue | FY 2008 Revenue | FY 2009 Revenue |
| General Fund | $0 | $2,000,000 | $2,000,000 | $0 | $0 | $0 |
| Federal Funds | $0 | $4,451,300 | $4,451,300 | $0 | $4,451,300 | $4,451,300 |
| Dedicated Credits | $0 | $0 | $0 | $0 | ($110,000) | ($110,000) |
| Total | $0 | $6,451,300 | $6,451,300 | $0 | $4,341,300 | $4,341,300 |
Individual, Business and/or Local Impact:
Qualified individuals and families could receive up to $150 per adult and $100 per child per month to subsidize premium payments for insurance coverage purchased through an employer.
Employers costs may rise as they pay the employer share of health insurance premiums. Costs of uncompensated care in hospitals and with other health care providers should decrease.
Enactment of this bill likely will not result in direct, measurable costs and/or benefits for local governments.
| 1/25/2007, 9:24:57 AM, Lead Analyst: Greer, W. | Office of the Legislative Fiscal Analyst |