HI HB888

Requires the legislative reference bureau to study the feasibility of transitioning Hawaii's employer-union health benefits trust fund from a fully insured model to a self-insured, partially self-insured, or other risk retention model.

Study must examine potential impacts including risks to the State as self-insurer, investment returns on reserves, administrative cost savings, federal tax or fee savings, fiduciary obligations, employee benefits, provider reimbursement changes, and risk assumptions.

Legislative reference bureau shall collect and analyze historical census data, health benefit premiums, contributions, plan documents, claims information, and other relevant information.

Legislative reference bureau may contract with other entities to perform related services necessary for the study.

Appropriates funds from general revenues for fiscal year 2017-2018 and requires a report with findings and recommendations to the legislature no later than twenty days before the 2018 regular session convenes.