Bill > HB07117

This bill introduces a gradual transfer of two specific financial obligations from the Insurance Fund to the General Fund over a five-year period, starting July 1, 2025. First, the bill modifies how the public health fee paid by domestic insurers and health care centers will be allocated: each year, one-fifth of the fee will be redirected from the Insurance Fund to the General Fund, with this incremental transfer continuing until July 1, 2029, when the entire public health fee will be deposited in the General Fund. Second, the bill mandates that payment for the Office of Health Strategy will also be transferred from the Insurance Fund to the General Fund over five years, with increasing one-fifth increments. The Insurance Commissioner, in consultation with other state agencies, will be responsible for implementing these transfers and making any necessary adjustments to assessments on domestic insurance companies. The bill aims to restructure how certain health-related funding is managed, gradually shifting financial responsibilities between state funds while maintaining the overall funding levels for health-related services.

Budget and Finance, Business and Industry

Insurance and Real Estate Committee (J)

https://www.cga.ct.gov/asp/cgabillstatus/cgabillstatus.asp?selBillType=Bill&bill_num=HB07117&which_year=2025