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IL HB2624

IL HB2624
HEALTH INS RATE REVIEW ACT


summary

Introduced
02/08/2017
In Committee
05/22/2018
Crossed Over
04/26/2017
Passed
05/31/2018
Dead
11/28/2018
Vetoed
08/26/2018

Introduced Session

100th General Assembly

Bill Summary

Creates the Health Insurance Rate Review Act. Creates the independent quasi-judicial Health Insurance Rate Review Board to ensure insurance rates are reasonable and justified. Sets forth duties and prohibited activities concerning the Board. Creates the Health Insurance Rate Review Board Nomination Panel to provide a list of nominees to the Governor for appointment to the Health Insurance Rate Review Board. Sets forth the procedures for nomination. Provides requirements and procedures for health carriers to file current and proposed rates and rate schedules with the Health Insurance Rate Review Board. Provides that the Board shall review and approve or disapprove all rates and rate schedules filed or used by a health carrier. Sets forth provisions concerning rate standards, public notice, hearings, and the disapproval and approval of rates and rate schedules.

Committee Categories

Business and Industry, Health and Social Services

Sponsors (26)

Last Action

Total Veto Stands - No Positive Action Taken (on 11/28/2018)

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