COBI 2015 - Relative Value Study

Overview
Issues
Financials

Sources Uses

FY 2016 Appropriation

Under UCA 31A-22-307, the Relative Value Study is to determine the reasonable value of medical expenses. It is funded by a 0.01 percent tax on motor vehicle liability, uninsured motorist, and personal injury protection insurance premiums. Funds are collected by the Tax Commission as restricted funds in the Relative Value Study Restricted Account. The study is produced by the All-Payer Claims Data Base in the Office of Health Care Statistics in the Department of Health. The contract to produce the study is re-bid every three years. The department charges $10 per copy.

Funding History

Appropriation Overview

During the 2015 General Session, the Legislature appropriated for Fiscal Year 2016, $105,000 from all sources for Relative Value Study. This is a 50 percent increase from Fiscal Year 2015 revised estimated amounts from all sources.

Appropriation Adjustments

In addition to statewide compensation and internal service fund cost increases, the following appropriation adjustments were made during the 2015 General Session:

DescriptionOngoingOne-Time Reallocate Insurance Department Account Resources to Other Accounts$35,000$0

OngoingOne-TimeFinancing Source

$35,000$0GFR - Relative Value Study

Reallocate $40,000 to the Guaranteed Asset Protection Program and $35,000 to the Relative Value Study Program.

Intent Language

HB0003: Item 71

Under Section 63J-1-603 of the Utah Code the Legislature intends that appropriations for Insurance Department Administration not lapse at the close of Fiscal Year 2015. Any appropriations related to the transfer of federal funds of $374,000 from the closing of the Comprehensive Health Insurance Pool program and $100,000 for general program revenues shall not lapse at the close of FY 2015. Transferred funds from the Comprehensive Health Insurance Pool program shall be utilized for any late claims from former program participants, audit costs, legal fees related to the program and health outreach activities. Any other funds are for replacement of computers, printers and copy machines, and scanners for electronic storage of documents.

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Funding Source

Expenditure Category

Appropriation Type:

Appropriation History by

Sources of Finance	FY11 Actual	FY12 Actual	FY13 Actual	FY14 Actual	FY15 Approp	FY15 Change	FY15 Revised	FY16 Change	FY16 Approp
Dedicated Credits Revenue	95,500	0	0	0	0	0	0	0	0
GFR - Relative Value Study	0	90,000	84,000	84,000	84,000	0	84,000	35,000	119,000
Beginning Nonlapsing	208,700	0	0	0	0	0	0	0	0
Closing Nonlapsing	0	0	0	0	0	0	0	(14,000)	(14,000)
Lapsing Balance	(298,000)	(41,200)	(46,900)	(31,200)	0	(14,000)	(14,000)	14,000	0
Total	$6,200	$48,800	$37,100	$52,800	$84,000	($14,000)	$70,000	$35,000	$105,000

Show Table | Show Additional Information

Categories of Expenditure	FY11 Actual	FY12 Actual	FY13 Actual	FY14 Actual	FY15 Approp	FY15 Change	FY15 Revised	FY16 Change	FY16 Approp
Personnel Services	0	0	0	3,900	0	10,000	10,000	0	10,000
Current Expense	200	42,800	37,100	34,000	76,000	(36,000)	40,000	35,000	75,000
DP Current Expense	6,000	6,000	0	14,900	8,000	12,000	20,000	0	20,000
Total	$6,200	$48,800	$37,100	$52,800	$84,000	($14,000)	$70,000	$35,000	$105,000

COBI contains unaudited data as presented to the Legislature by state agencies at the time of publication. For audited financial data see the State of Utah's Comprehensive Annual Financial Reports.