HB 192 Summary

• Authorizes the Hawaii Health Authority to continue planning for adoption of a universal, publicly-administered health-care-for-all insurance model with a single payout agency for Hawaii.

• Appropriates $350,000 for fiscal years 2021-2022 and 2022-2023 to the Hawaii Health Authority for general administration, including hiring an executive director and staff.

• Establishes a rate stabilization reserve fund within the employer-union health benefits trust fund to cover increasing costs of health and other benefit plans for active employees and retirees.

• Caps public employer prefunding contributions to the other post-employment benefits trust fund once separate accounts reach a combined balance of $2,000,000,000, with subsequent investment earnings transferred to the rate stabilization reserve fund.

• Directs the Hawaii Health Authority to examine converting the employer-union health benefits trust fund from fully insured to self-insured model to potentially achieve cost savings.