Bill > HB800

This bill amends Kentucky law to enhance the requirements for fiscal impact statements related to health mandates and state employee health plans. Specifically, it requires the commissioner of the Department of Insurance to include more comprehensive documentation and supporting evidence in health mandate fiscal impact statements and federal cost defrayal fiscal analyses. The bill mandates that these statements must now include any studies, written opinions, calculations, and citations that support the commissioner's findings, and require the commissioner to provide an estimate of potential future cost savings with an explanation of why the proposed bill would or would not generate such savings. Additionally, the commissioner must now certify the accuracy of the information provided in these statements. The bill also modifies language related to state employee health plan impact statements, requiring similar documentation and certification processes. These changes aim to increase transparency and provide more detailed, substantiated information about the potential financial implications of proposed health-related legislation, helping lawmakers make more informed decisions about health benefits and insurance mandates.