LOU LEG Healthcare Actuarial Reviews


On Jun. 4, LOU LEG passed bill on actuarial reviews of healthcare laws


  • LOU LEG passed bill HB 616 relative to actuarial reviews of healthcare legislation.
  • Repeals part VIII, Louisiana Mandated Health Benefits Commission, LOU INS 22-2187.
  • Adds new part VIII, Louisiana Mandated Health Actuarial Analysis, LOU INS 22-2188.
  • Bill Provisions
  • HB 616 requires LOU INS to contract with entities to perform actuarial reviews.
  • Includes provisions on public meetings and legislators' requests for actuarial reviews.
  • Outlines requirements of the commissioner of administration and intended outcomes.
  • Provides for appropriations; outlines confidentiality requirements of certain information
  • Repeals Louisiana Mandated Health Benefits Commission; provides for related matters.
  • Legislative History
  • On Mar. 1, 2024, bill was introduced in House; on Apr. 11, 2024, bill passed House.
  • On Apr. 15, 2024, bill was introduced in Senate; on May 16, 2024, bill passed Senate.
  • On Jun. 2, 2024, bill was enrolled; on Jun. 4, 2024, bill was delivered to governor.
  • Effectiveness
  • If enacted, bill becomes effective on Aug. 1, 2024.
  • Jun. 19, 2024 LOU LEG Governor Approved Bill
  • On Jun. 19, 2024, LOU LEG reported governor approved bill HB 616, assigned Act 714.

Regulators LOU LEG
Entity Types CNSM; Ins
Reference Act 714, 6/19/2024; PR, HB616, 6/4/2024; Citation: *LOU INS* 22, 22-2187;
Functions Actuarial and Valuation; Compliance; Legal; Reporting; Research
Countries United States of America
Category
State
Products Insurance; Insurance-Health
Regions Am
Rule Type Final
Rule Date 6/4/2024
Effective Date 8/1/2024
Rule Id 214531
Linked to N/A
Reg. Last Update 6/19/2024
Report Section US Insurance

Last substantive update on 06/26/2024