Revision: March 27, 2014, midnight
SB 340-FN – AS AMENDED BY THE SENATE
03/13/14 0865s
03/13/14 0948s
2014 SESSION
01/10
SENATE BILL 340-FN
AN ACT 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.
SPONSORS: Sen. Cataldo, Dist 6
This bill requires the insurance department to hold public information sessions and provide a comment period before approval of products to be sold on the exchange marketplace.
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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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
03/13/14 0865s
03/13/14 0948s
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 information sessions and provide a comment period 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 Information Sessions and Comment Period Required. Amend RSA 420-N by inserting after section 5 the following new section:
420-N:5-a Public Information Sessions and Comment Period Required. On or before June 15 of each year, and before the commissioner approves insurance products to be sold on a federally-facilitated exchange in New Hampshire, the commissioner shall hold at least 2 public information sessions, in different regions of the state concerning the proposed provider networks of insurance products proposed to be sold on the federally-facilitated exchange for the following calendar year. Notwithstanding any other provision of law, information regarding the proposed network of hospitals and essential community providers as defined in 45 CFR 156.235 included under any such insurance plan shall be made available to the public at or before these information sessions. This information shall be shared orally at the public information sessions and in writing on the department’s Internet website. The commissioner shall provide public notice of these information sessions in compliance with RSA 91-A, and shall, to the extent practicable, make audio and video footage of these information sessions available through the department’s Internet website. The commissioner shall accept public comments on the proposed networks for at least 2 weeks following the conclusion of the public information sessions, and shall enable members of the public to register their comments in writing through the department’s website. Insurance carriers may amend their proposed network submissions by August 1 of the year preceding their inclusion in the federally-facilitated exchange, provided that the commissioner shall make any such amendments available to the public.
2 Repeal. RSA 420-N:5-a, relative to public hearings before approval of products to be sold on the exchange, is repealed.
3 Effective Date.
I. Section 2 of this act shall take effect January 1, 2019.
II. The remainder of this act shall take effect 30 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.