2014 -- S 2223

========

LC003380

========

     STATE OF RHODE ISLAND

IN GENERAL ASSEMBLY

JANUARY SESSION, A.D. 2014

____________

A N   A C T

RELATING TO STATE AFFAIRS AND GOVERNMENT

     

     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.

========

LC003380

========

 

EXPLANATION

BY THE LEGISLATIVE COUNCIL

OF

A N   A C T

RELATING TO STATE AFFAIRS AND GOVERNMENT

***

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.

========

LC003380

========

 

LC003380 - Page 2 of 2