Introduced
by
To allow Blue Cross/Blue Shield to purchase for-profit long-term care insurance companies and operate as a for-profit business in this area of insurance. Unlike its other business activities, revenue from the sale of long term care insurance by the company would not be tax exempt. It would be allowed to use a long-term care insurance application form designed to elicit the complete health history of an applicant, and to charge different rates based on age and sound actuarial principles. The legislation is part of a package comprised of Senate Bills 234 to 238.
Referred to the Committee on Health Policy
Reported without amendment
With the recommendation that the substitute (S-1) be adopted and that the bill then pass.
Substitute offered
To replace the previous version of the bill with one recommended by the committee which reported it. The substitute incorporates technical changes resulting from committee testimony and deliberation. These changes do not affect the substance of the bill as previously described.
The substitute passed by voice vote
Passed in the Senate 37 to 1 (details)
To allow Blue Cross/Blue Shield to purchase for-profit long-term care insurance companies and operate as a for-profit business in this area of insurance. Unlike its other business activities, revenue from the sale of long term care insurance by the company would not be tax exempt. It would be allowed to use a long-term care insurance application form designed to elicit the complete health history of an applicant, and to charge different rates based on age and sound actuarial principles. The legislation is part of a package comprised of Senate Bills 460 and 234 to 238, and House Bills 4280 to 4282.
Substitute offered
by
To replace the previous version of the bill with the text of House Bill 4280, which is the House version of the same bill, as amended after extensive negotiations between legislators and the various interest groups affected. See the House-passed version.
The substitute passed by voice vote
Passed in the House 107 to 1 (details)
To allow Blue Cross/Blue Shield to purchase for-profit long-term care insurance companies and operate as a for-profit business in this area of insurance. Unlike its other business activities, revenue from the sale of long term care insurance by the company would not be tax exempt. It would be allowed to use a long-term care insurance application form designed to elicit the complete health history of an applicant, and to charge different rates based on age and sound actuarial principles. The legislation is part of a package comprised of Senate Bills 234 to 238 and 460, which impose extensive new government regulations on the small company and small group health care insurance market. The House-passed version of the package generally grants more flexibility to for-profit, non-tax exempt private insurers relative to Blue Cross Blue Shield, which currently dominates the small group health insurance market.
Referred to the Committee on Health Policy
