|Date Requested:February 07, 2012
Time Requested:11:55 AM
| FUND(S) |
Sources of Revenue
Legislation creates:Neither Program nor Fund
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.
|Effect of Proposal||Fiscal Year|
|1. Estmated Total Cost||0||0||0|
|Repairs and Alterations||0||0||0|
|2. Estimated Total Revenues||0||0||0|
3. Explanation of above estimates (including long-range effect):
| 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.