Sec. 3-123yyy. Annual report re plans developed by Comptroller.
195 words·~1 min read·
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Not later than January 1, 2021, and annually thereafter, the Comptroller shall submit a report to the Health Care Cost Containment Committee, Office of Policy and Management and joint standing committee of the General Assembly having cognizance of matters relating to appropriations, in accordance with the provisions of section 11-4a , concerning municipal group hospitalization, medical, pharmacy and surgical insurance plans developed by the Comptroller pursuant to subsection
(a)of section 3-923sss . Such report shall include, but need not be limited to, the total number of contracts, members, plan costs and premium payments and other revenues associated with such plans and the corresponding profit loss ratio for the previous calendar year. Such report shall distinguish municipal health care plans from the state employee plan and demonstrate cost neutrality by individual municipal insurance plan and in total across all municipal insurance plans. If the profit loss ratio demonstrates inadequacy in premium payments, such report shall include a plan to ensure the fiscal adequacy of the premium rate structure for such individual municipal insurance plans and the associated benefit design to eliminate any prior year financial loss and prevent financial loss in the upcoming plan year.