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MN HF3053

Bill

Official Source

Status

Introduced

4/2/2025

Primary Sponsor

Robert Bierman

Click for details

Origin

House of Representatives

94th Legislature 2025-2026

AI Summary

  • Expands the definition of "commissioner" in insurance holding company regulations to include the commissioner of health when regulating health maintenance organizations (HMOs)
  • Grants the commissioner of health authority to examine HMOs and their affiliates to assess financial condition and enterprise risk, parallel to existing commerce commissioner powers over insurers
  • Authorizes the commissioner of health to adopt rules and orders necessary to carry out insurance holding company provisions as they relate to HMOs
  • Requires HMOs to pay examination expenses in accordance with section 62D.14, in addition to the existing section 60A.03 that applies to insurers
  • Removes redundant provisions from section 62D.221 regarding HMO compliance with certain insurance statutes, streamlining the regulatory framework

Legislative Description

Health maintenance organization regulations updated.

Last Action

Introduction and first reading, referred to Health Finance and Policy

4/2/2025

Committee Referrals

Health Finance & Policy4/2/2025

Full Bill Text

No bill text available