Committee Passage Notice for 6062 SSB

Office of Financial Management

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SSB 6062, titled AN ACT Relating to establishment of an individual health insurance market claims-based reinsurance program, has been passed by the Senate Committee on Health & Long Term Care. The Office of Financial Management has identified this bill as requiring a ten-year projection of increased cost to the taxpayers or affected fee payers.

Ten-year projection:

Fiscal
Year

   Health Reinsurance

Program Assessment

   Third-Party Administrator Registration and Renewal Fees

Total

 

2018

2019

$    200,000,000

$   40,000

$    200,040,000

2020

160,000,000

40,000

$    160,040,000

2021

160,000,000

40,000

$    160,040,000

2022

160,000,000

40,000

$    160,040,000

2023

160,000,000

40,000

$    160,040,000

2024

160,000,000

40,000

$    160,040,000

2025

160,000,000

40,000

$    160,040,000

2026

160,000,000

40,000

$    160,040,000

2027

160,000,000

40,000

$    160,040,000

 

Total:

$ 1,480,000,000

$ 360,000

$ 1,480,360,000


The following legislators voted do pass:

Senator Steve Conway
Democrat
Tacoma
(360) 786-7656
Steve.Conway@leg.wa.gov

Senator Karen Keiser
Democrat
Des Moines
(360) 786-7664
Karen.Keiser@leg.wa.gov

Senator Kevin Van De Wege
Democrat
Sequim
(360) 786-7646
Kevin.VanDeWege@leg.wa.gov

Senator Mark Mullet
Democrat
Issaquah
(360) 786-7608
Mark.Mullet@leg.wa.gov

Senator Annette Cleveland
Democrat
Vancouver
(360) 786-7696
Annette.Cleveland@leg.wa.gov

Senator Patty Kuderer
Democrat
Bellevue
(360) 786-7694
Kuderer.Patty@leg.wa.gov


The following legislators voted do not pass:

Senator Barbara Bailey
Republican
Oak Harbor
(360) 786-7618
Barbara.Bailey@leg.wa.gov

Senator Randi Becker
Republican
Eatonville
(360) 786-7602
Randi.Becker@leg.wa.gov

Senator Joe Fain
Republican
Auburn
(360) 786-7692
Joe.Fain@leg.wa.gov

Senator Ann Rivers
Republican
La Center
(360) 786-7634
Ann.Rivers@leg.wa.gov



Legislative Bill Information Website: http://apps.leg.wa.gov/billinfo/

Initiative 960 Website: http://www.ofm.wa.gov/tax/default.asp