Honorable John T. Smithee, Chair, House Committee on Insurance
FROM:
John S. O'Brien, Director, Legislative Budget Board
IN RE:
HB4402 by Martinez Fischer (Relating to insurance coverage of prescription drugs provided under a health benefit plan.), As Introduced
No significant fiscal implication to the State is anticipated.
The bill would amend the Insurance Code relating to insurance coverage of prescription drugs provided under a health benefit plan. Based on the analysis of the Texas Department of Insurance (TDI), it is assumed that there would be a one-time revenue gain of $6,900 in the General Revenue Dedicated Account Fund 36 in fiscal year 2010 because the bill would result in insurers filing amendments. Since General Revenue Dedicated Account Fund 36 is a self-leveling account, this analysis assumes all revenue generated would go toward fund balances or the maintenance tax would be set to recover a lower level of revenue the following year. It is also assumed that any costs realized by TDI
Local Government Impact
No fiscal implication to units of local government is anticipated.