FISCAL NOTE

Date Requested: March 14, 2017
Time Requested: 10:57 AM
Agency: Insurance Commission
CBD Number: Version: Bill Number: Resolution Number:
2407 Introduced HB2471
CBD Subject: Insurance


FUND(S):

7152

Sources of Revenue:

Special Fund

Legislation creates:

Neither Program nor Fund



Fiscal Note Summary


Effect this measure will have on costs and revenues of state government.


If enacted, it is probable that House Bill 2471 will increase costs to the State. The potential amount of increased costs is unknown at this time. Please see memorandum to this fiscal note.



Fiscal Note Detail


Effect of Proposal Fiscal Year
2017
Increase/Decrease
(use"-")
2018
Increase/Decrease
(use"-")
Fiscal Year
(Upon Full
Implementation)
1. Estmated Total Cost 0 0 0
Personal Services 0 0 0
Current Expenses 0 0 0
Repairs and Alterations 0 0 0
Assets 0 0 0
Other 0 0 0
2. Estimated Total Revenues 0 0 0


Explanation of above estimates (including long-range effect):






Memorandum


House Bill 2471 does not contain language limiting the insurance benefits to the essential health benefits (EHB) specified under section 130(b) of the Patient Protection and Affordable Care Act (PPACA). PPACA 1311(d)(3) provides that a state must defray the cost by direct payment to enrollees or to the plan of any state mandated benefit in excess of the EHB. To the extent that the health insurance benefits required by HB2471 do not fall within the EHB, a potential cost to the State exists.



    Person submitting Fiscal Note: Melinda Ashworth Kiss
    Email Address: Melinda.A.Kiss@wv.gov