Modify state health benefit exchange funding provisions
Biennium
2018-2020
Budget Round
Caboose Bill
Half Sheet Number
481 #1c
Description
This amendment modifies language in the introduced budget to allow the Secretary of Finance to authorize either a working capital advance or an interest-free treasury loan in an amount not to exceed $40,000,000 for the State Corporation Commission (SCC) to fund start-up costs and other costs associated with the implementation of a State Health Benefit Exchange. The Secretary of Finance may extend the repayment plan for any such working capital advance or interest-free treasury loan for a period longer than twelve months. The State Corporation Commission is allowed to use a portion of the user fees collected from health insurance carriers participating in the State Health Benefit Exchange to repay the working capital advance or interest-free treasury loan. The amendment also authorizes the SCC to use any unused funds appropriated for plan management functions in the second year to fund the initial start-up costs and provides the nongeneral fund appropriation to reflect updated estimates of the cost to operate the Exchange.