Bill Text: NH SB340 | 2014 | Regular Session | Introduced
Bill Title: Requiring the insurance department to hold public information sessions and provide a comment period before approval of products to be sold on the health exchange.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Passed) 2014-07-18 - II. Remainder Effective 08/10/14 [SB340 Detail]
Download: New_Hampshire-2014-SB340-Introduced.html
SB 340-FN – AS INTRODUCED
2014 SESSION
01/10
SENATE BILL 340-FN
AN ACT requiring the insurance department to hold public hearings before approval of products to be sold on the health exchange.
SPONSORS: Sen. Cataldo, Dist 6
This bill requires the insurance department to hold public hearings before approving any insurance products sold on the health exchange.
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Explanation: Matter added to current law appears in bold italics.
Matter removed from current law appears [in brackets and struckthrough.]
Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
14-2778
01/10
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Fourteen
AN ACT requiring the insurance department to hold public hearings before approval of products to be sold on the health exchange.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 New Section; Public Hearings Required. Amend RSA 420-N by inserting after section 5 the following new section:
420-N:5-a Public Hearings Required. Before the commissioner approves insurance products to be sold on the health exchange, he or she shall hold at least 2 public hearings in different regions of the state to generate public input on the health plan offered. This section shall also apply if an insurer makes changes to its health coverage plan.
2 Effective Date. This act shall take effect 60 days after its passage.
LBAO
14-2778
12/04/13
SB 340-FN - FISCAL NOTE
AN ACT requiring the insurance department to hold public hearings before approval of products to be sold on the health exchange.
FISCAL IMPACT:
The Insurance Department states this bill, as introduced, will increase state restricted expenditures and state restricted revenue by an indeterminable amount in FY 2014 and each year thereafter. There is no fiscal impact on county and local revenue or expenditures.
METHODOLOGY:
The Insurance Department states this bill requires at least two public hearings be held prior to approving any insurance products sold on the health exchange. The Department states this bill will increase state restricted expenditures and restricted revenue by an indeterminable amount. The Department states it would have increased costs associated with holding the public hearings, including securing a facility and hiring transcriptionists to record the public hearings. Any increase in costs to the Department would become part of the assessment made to all insurers operating in the State.
