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HI SR52

Resolution

Official Source

Status

Passed

4/13/2012

Primary Sponsor

Donna Kim

Click for details

Origin

Senate

2012 Regular Session

AI Summary

  • Request that the Insurance Commissioner consider capital reserves and surplus of managed care plans when reviewing rate filings for premium increases
  • Require managed care plans to justify proposed rate increases under the federal Patient Protection and Affordable Care Act
  • Prevent health plans from accumulating excessive reserves instead of using funds to pay claims
  • Ensure plan subscribers pay appropriate rates for health insurance coverage by factoring in plan financial reserves into rate review decisions
  • Received support from the Department of Commerce and Consumer Affairs

Legislative Description

Insurance Commissioner; Rate Filings; Capital Reserves and Surplus

Last Action

(S) Certified copies of resolutions sent, 06-19-12.

6/22/2012

Committee Referrals

Ways and Means3/30/2012
Commerce and Consumer Protection3/16/2012

Full Bill Text

No bill text available