FISCAL NOTE
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.
HB 2887 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.
The provisions of HB 2887 regarding mandatory insurance coverage for eosinophilic disorders may have a fiscal impact on the Public Employees Insurance Agency (PEIA).
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.
The expanded insurance benefits provided for in HB 2887 will have a fiscal impact on public and private insurance carriers, including PEIA.
Person submitting Fiscal Note: Melinda A. Kiss
Email Address: Melinda.Kiss@wvinsurance.gov