Fiscal Note - State of Utah - 2011 General Session

HB0128S02 - Health Reform Amendments

State Government (UCA 36-12-13(2)(b)):
Enactment of this bill will create a General Fund Restricted Account within the Insurance Department called the Health Insurance Actuarial Review Restricted Account. Current annual assessments for these reviews total $150,000 with 15 providers having premiums written in the state. Cost for the actuary is estimated at $147,000 per fiscal year. Additionally, the cost of one meeting for the Health System Reform Taskforce would be $3,800. However, the bill does not specify the number of meetings for the Taskforce in one fiscal year, so the actual cost may become higher depending upon the number of meetings.

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)):
Small employer carriers participating in the defined contribution arrangement market and small employer carriers offering health benefit plans will be assessed a fee by the Insurance Department to cover the costs of actuarial review each year, currently $150,000 in total costs. Additionally, Health Benefit Plan Providers will be assessed a fee to fund the call centers, however, the exact fee cannot be determined until the actual costs for call centers are determined in the requests for proposals and awarded contracts.