2014 -- S 2223 | |
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LC003380 | |
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STATE OF RHODE ISLAND | |
IN GENERAL ASSEMBLY | |
JANUARY SESSION, A.D. 2014 | |
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A N A C T | |
RELATING TO STATE AFFAIRS AND GOVERNMENT | |
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Introduced By: Senators Raptakis, E O`Neill, Archambault, and Kettle | |
Date Introduced: January 30, 2014 | |
Referred To: Senate Health & Human Services | |
It is enacted by the General Assembly as follows: | |
1 | SECTION 1. Chapter 42-62 of the General Laws entitled "Catastrophic Health Insurance |
2 | Plan Act" is hereby amended by adding thereto the following section: |
3 | 42-62-13.2. Insurance rates tied to the consumer price index. -- Notwithstanding any |
4 | provisions of the general laws to the contrary, any increase in rates proposed to be charged by an |
5 | insurer licensed to provide health insurance in the state shall be no greater than the percentage |
6 | increase in the Consumer Price Index for all Urban Consumers (CPI-U) as published by the |
7 | United States Department of Labor Bureau of Labor Statistics determined as of September 30 of |
8 | the prior calendar year. |
9 | SECTION 2. This act shall take effect upon passage. |
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LC003380 | |
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EXPLANATION | |
BY THE LEGISLATIVE COUNCIL | |
OF | |
A N A C T | |
RELATING TO STATE AFFAIRS AND GOVERNMENT | |
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1 | This act would provide that any rate increase with respect to health insurance plans shall |
2 | be no greater than the Consumer Price Index. |
3 | This act would take effect upon passage. |
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