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2015 SESSION

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HB 2299 Health services plans; effects of actions of other states.

Introduced by: Jackson H. Miller | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED: (all summaries)

Health services plans; effects of actions of other states. Requires the State Corporation Commission (SCC) to conduct a proceeding to review and evaluate the effect of a law or other regulatory action of another state that requires a health services plan operating in the Commonwealth to distribute or reduce its surplus on grounds that it is excessive. Currently the SCC may, but is not required to, conduct such a proceeding or examination only when another state enacts a law providing a program or benefits for the residents of the other state. The measure authorizes the SCC, if it finds that the other state's action is harmful to the interests of residents of the Commonwealth, to (i) prohibit the health services plan from distributing or reducing its surplus for the benefit of residents of another state or (ii) take any other action the SCC finds necessary to protect the interests of the residents of the Commonwealth. The measure also prohibits a health services plan from distributing or reducing its surplus pursuant to a law or regulatory action that is the subject of such a proceeding by the SCC except with the approval of the SCC. The bill contains an emergency clause. This bill is identical to SB 1405.


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