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2012 Special Session I

Budget Amendments - HB1301 (Conference Report)

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Employee Health Insurance Fund Language (language only)

Item 84 #2c

Item 84 #2c

Administration
Administration of Health Insurance

Language
Page 59, strike lines 27 through 31 and insert:
"D.  Any balances remaining in the reserved component of the Employee Health Insurance Fund shall be considered part of the overall Health Insurance Fund.  It is the intent of the General Assembly that future premiums for the state employee health insurance program shall be set in a manner so that the balance in the Health Insurance Fund will be sufficient to meet the estimated Incurred But Not Paid liability for the Fund and maintain a contingency reserve at a level recommended by the Department for a self-insured plan subject to the approval of the General Assembly."


Explanation
(This amendment deletes language related to the state Health Insurance Fund and replaces it with language establishing a formal policy goal for the level of funding in the state employee health insurance fund. This language is consistent with a recommendation from the Auditor of Public Accounts in its review of the Health Insurance Fund.)