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HI HB2361
Bill
Status
1/27/2016
Primary Sponsor
Joseph Souki
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AI Summary
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Premium Supplementation Trust Fund established in 1974 to pay premium supplementations to qualified employers and health care expenses for eligible employees of non-complying or insolvent employers under the Prepaid Health Care Act
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Fund balance declined from $3,478,617 in 2004 to $226,526 by July 2015, with $555,619 in payouts during the 14-month period from June 1, 2014 to July 31, 2015
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Department of Labor and Industrial Relations predicts the fund will become insolvent in fiscal year 2016-2017 at current payout rates
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Appropriates unspecified amount from general revenues for fiscal year 2016-2017 to be deposited into the premium supplementation trust fund pursuant to section 393-41, Hawaii Revised Statutes
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Takes effect July 1, 2016
Legislative Description
Appropriation; Premium Supplementation Trust Fund ($)
Last Action
Passed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with none voting aye with reservations; none voting no (0) and none excused (0).
2/17/2016