Bill

Bill > S0524


FL S0524

Health Insurance


summary

Introduced
01/24/2019
In Committee
02/08/2019
Crossed Over
Passed
Dead
05/04/2019

Introduced Session

2019 Regular Session

Bill Summary

Authorizing the inclusion in the state group insurance program of products and services offered by entities providing optional participation in the Medicare Advantage Prescription Drug Plan; requiring the Department of Management Services to implement formulary management cost-saving measures beginning with the 2020 plan year; creating the "Patient Savings Act"; authorizing health insurers, which include health maintenance organizations, to offer shared savings incentive programs to insureds, etc.

AI Summary

This bill: 1. Authorizes the inclusion of entities providing optional participation in the Medicare Advantage Prescription Drug Plan in the state group insurance program. 2. Requires the Department of Management Services to implement formulary management cost-saving measures for the state employees' prescription drug program starting in 2020. 3. Creates the "Patient Savings Act", which allows health insurers to offer shared savings incentive programs to their insureds for choosing certain "shoppable" healthcare services, such as lab tests, surgeries, and telehealth services. These programs provide financial incentives to insureds when they choose lower-cost, high-quality healthcare options. 4. Repeals a provision related to the state group health insurance program effective December 31, 2019. The bill aims to provide more healthcare options, cost-saving measures, and incentives for state employees and insureds to make informed, cost-effective healthcare choices.

Committee Categories

Budget and Finance, Business and Industry, Government Affairs

Sponsors (3)

Other Sponsors (2)

Appropriations (S), Banking and Insurance (S)

Last Action

Laid on Table, companion bill(s) passed, see CS/HB 1113 (Ch. 2019-100) (on 04/30/2019)

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