Honorable John Frullo, Chair, House Committee on Insurance
FROM:
Ursula Parks, Director, Legislative Budget Board
IN RE:
HB2505 by Clardy (Relating to health benefit plan coverage for abuse-deterrent opioid analgesic drugs.), As Introduced
No significant fiscal implication to the State is anticipated.
The bill would amend the Insurance Code relating to health benefit plan coverage for abuse-deterrent opioid analgesic drugs.
Based on information provided by the Texas Department of Insurance (TDI), this analysis assumes that implementation of the bill would increase the number of informational filings, which would result in a one-time revenue gain of $39,600 in FY 2016 to be deposited to General Revenue-Dedicated Texas Department of Insurance Fund 36 (Fund 36). Since Fund 36 is a self-leveling account, this analysis also assumes that any additional revenue resulting from the implementation of the bill would accumulate in account fund balances and TDI would adjust the assessment of the maintenance tax or other fees accordingly in the following year.
This analysis further assumes that all duties and responsibilities necessary to implement the provisions of the bill could be accomplished utilizing existing staff and resources.
The bill takes effect September 1, 2015; however, any changes to law as a result of the bill would apply only to a health benefit plan that is delivered, issued for delivery, or renewed on or after January 1, 2016.
Local Government Impact
No fiscal implication to units of local government is anticipated.
Source Agencies:
323 Teacher Retirement System, 327 Employees Retirement System, 454 Department of Insurance, 710 Texas A&M University System Administrative and General Offices, 720 The University of Texas System Administration