AR HB1100

Establishes the State Board of Finance as the permanent governing entity for the State and Public School Life and Health Insurance Program, with the Insurance Commissioner serving as a voting member only on health benefit plan decisions.

Creates two advisory commissions—the Public School Employee Health Benefit Advisory Commission and the State Employee Health Benefit Advisory Commission—each composed of 5 voting members including industry experts, active employees, and retirees, with members serving 3-year terms and receiving $500/month stipends plus mileage.

Commissions required to meet monthly (minimum 12 meetings annually) and submit initial recommendations to the State Board of Finance by January 31, 2023, with duties including reviewing financial viability, recommending health benefit options, evaluating formulary management, and analyzing actuarial soundness.

Modifies the State Board of Finance's powers to include obtaining quality-of-care information and establishing three subcommittees: Benefits Subcommittee, Drug Utilization and Evaluation Subcommittee, and Quality of Care Subcommittee with specified professional and employee representatives.

Declares an emergency effective upon the Governor's approval to ensure the program remains viable and provide sustainable affordable health benefits to state and public school employees.