Fiscal Note
SB0121 - Access to Qualified Health Care Providers
State Impact:
Enactment of this bill will require additional appropriations of approximately $700,000 from various sources as shown in the table below. Over time, costs may decrease if enough subscribers utilize out-of-network providers whose reimbursement rates are 90% of allowable network charges under this bill, and because of potential competition between network providers and out-of-network providers.
| Funding Source | FY 2008 Approp. | FY 2009 Approp. | FY 2010 Approp. | FY 2008 Revenue | FY 2009 Revenue | FY 2010 Revenue |
| General Fund | $0 | $386,400 | $386,400 | $0 | $0 | $0 |
| Uniform School Fund | $0 | $29,400 | $29,400 | $0 | $0 | $0 |
| Transportation Fund | $0 | $28,000 | $28,000 | $0 | $0 | $0 |
| Federal Funds | $0 | $112,000 | $112,000 | $0 | $0 | $0 |
| Dedicated Credits | $0 | $60,900 | $60,900 | $0 | $0 | $0 |
| Restricted Funds | $0 | $60,900 | $60,900 | $0 | $0 | $0 |
| Transfers | $0 | $22,400 | $22,400 | $0 | $0 | $0 |
| Total | $0 | $700,000 | $700,000 | $0 | $0 | $0 |
Individual, Business and/or Local Impact:
Businesses and local governments may initially experience increased medical and administrative costs associated with additional insurance coverage requirements. Individuals may benefit from the ability to go to other health providers that are not covered by their current insurance. Individuals may also encounter additional costs from increased insurance premiums and balance billing. Over time, costs may decrease if enough subscribers utilize out-of-network providers whose reimbursement rates are 90% of allowable network charges under this bill, and because of potential competition between network providers and out-of-network providers.
| 2/4/2008, 11:52:37 AM, Lead Analyst: Schoenfeld, J.D. | Office of the Legislative Fiscal Analyst |