2012 Regular Session
|At the request of:||(at the request of Governor John A. Kitzhaber for Oregon Health Insurance Exchange Corporation)|
|Regular Sponsors:||(Presession Filed)|
|Bill Title:||Relating to the Oregon Health Insurance Exchange; and declaring an emergency.|
|Catchline/Summary:||Requires Oregon Health Insurance Exchange Corporation to establish and deposit moneys into accounts in federally insured depositories.
Removes requirement but still permits excess moneys collected by corporation from insurers and state programs to be held and invested to offset future net losses. Prescribes investments to be made with excess charges that are held and invested. Authorizes corporation to borrow money and give guarantees under specified conditions. Specifies applicable provisions of public contracting code. Authorizes board of directors or executive director of corporation to contract with carriers to develop innovative health benefit plans for employees of corporation if plans are approved by Director of Department of Consumer and Business Services. Exempts such plans from Insurance Code requirements for small employer health benefit plans. Provides legislative approval of corporation business plan for health insurance exchange by repealing provisions of law enacted to require legislative approval. Provides for school district participation in health insurance exchange. Makes technical corrections. Declares emergency, effective on passage.
|Fiscal Impact:||No Fiscal Impact|
|Revenue Impact:||No Revenue Impact|
|Measure Analysis:||Staff Measure Summary / Impact Statements|