OFFICE OF FISCAL ANALYSIS

Legislative Office Building, Room 5200

Hartford, CT 06106 (860) 240-0200

http: //www.cga.ct.gov/ofa

sHB-6308

AN ACT CONCERNING HEALTHCARE REFORM.

AMENDMENT

LCO No.: 8453

File Copy No.: 868

House Calendar No.: 282

Senate Calendar No.: 592

OFA Fiscal Note

State Impact: See Below

Municipal Impact: See Below

Explanation

The amendment will result in increased costs the state employee and retiree health plan and self insured municipalities who do not have reserves and sufficient net worth to comply with the provisions currently in statute. The state employee and retiree plan does not currently have any reserves.

In addition, the state and self-insured municipalities may incur increased administrative costs to comply with the financial reporting provisions required by CGS 38a-53.

The extent of the increased cost is not known.

The preceding Fiscal Impact statement is prepared for the benefit of the members of the General Assembly, solely for the purposes of information, summarization and explanation and does not represent the intent of the General Assembly or either chamber thereof for any purpose. In general, fiscal impacts are based upon a variety of informational sources, including the analyst's professional knowledge. Whenever applicable, agency data is consulted as part of the analysis, however final products do not necessarily reflect an assessment from any specific department.