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.


     SB 56 would have no fiscal impact on the revenues and expenditures of state government as they directly relate to the regulatory responsibilities of the Offices of the Insurance Commissioner.
    
     Please read the memorandum section of this fiscal note for additional information.



Fiscal Note Detail


Effect of Proposal Fiscal Year
2012
Increase/Decrease
(use"-")
2013
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


    Due to provisions in the federal Patient Protection and Affordable Care Act (PPACA), uncertainty exists on how new mandates for health insurance benefits will impact essential health benefits and state governments in the future. Person submitting Fiscal Note: Melinda A. Kiss
     Email Address: Melinda.Kiss@wvinsurance.gov