Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 06, 2010 |
referred to insurance |
Jan 21, 2009 |
referred to insurance |
Senate Bill S882
2009-2010 Legislative Session
Sponsored By
(D) Senate District
Archive: Last Bill Status - In Senate Committee Insurance Committee
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
2009-S882 (ACTIVE) - Details
- Current Committee:
- Senate Insurance
- Law Section:
- Insurance Law
- Laws Affected:
- Amd ยง4308, Ins L
- Versions Introduced in 2011-2012 Legislative Session:
-
S2029
2009-S882 (ACTIVE) - Summary
Authorizes the superintendent of insurance to phase in certain health insurance rate increases; provides that if an increase is fifteen percent or more, the superintendent may phase in the percentage amount which exceeds fifteen percent over a period not to exceed six months.
2009-S882 (ACTIVE) - Sponsor Memo
BILL NUMBER: S882 TITLE OF BILL : An act to amend the insurance law, in relation to permitting the superintendent of insurance to phase in certain increases in premiums for nonprofit medical and dental indemnity on health and hospital service corporations PURPOSE/SUMMARY OF PROVISIONS : The purpose of this legislation is to reduce the sudden financial burden to health insurance customers during rate increases by allowing the superintendent of insurance to phase-in the percentage amount of a rate increase which exceeds 15% over a six month period. SPECIFICS : Section 4308 of the insurance law is amended by adding a new subsection (k). JUSTIFICATION : Health related costs continue to skyrocket. In Western New York, rate payers were hit with several double-digit health insurance premium hikes. For example, Blue Cross of Western New York, Inc. received a 20.1% rate hike increase and Blue Shield of Western New York, Inc. was granted a 22.8% increase. These increases have a detrimental effect on all policyholders, but especially those on fixed incomes. Such
2009-S882 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 882 2009-2010 Regular Sessions I N S E N A T E January 21, 2009 ___________ Introduced by Sen. KRUGER -- read twice and ordered printed, and when printed to be committed to the Committee on Insurance AN ACT to amend the insurance law, in relation to permitting the super- intendent of insurance to phase in certain increases in premiums for nonprofit medical and dental indemnity on health and hospital service corporations THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 4308 of the insurance law is amended by adding a new subsection (k) to read as follows: (K) NOTWITHSTANDING ANY OTHER PROVISION OF LAW, WHERE ANY APPLICATION FOR AN INCREASE IN PREMIUMS IS APPROVED BY THE SUPERINTENDENT AND SUCH INCREASE IS FIFTEEN PERCENT OR MORE OF THE PREVIOUS PREMIUM, THE SUPER- INTENDENT MAY ELECT TO PHASE IN THE PERCENTAGE AMOUNT WHICH EXCEEDS FIFTEEN PERCENT OVER A PERIOD NOT TO EXCEED SIX MONTHS. S 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD06575-01-9
Comments
Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.
Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.
Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.