Exchange Bills: Update & Summaries
|August 24, 2010||Posted by ITUP under Blog, Insurance Exchange||
With exactly one week until California’s bill deadline, the legislature has until Aug. 31st to pass SB 900 (Steinberg & Alquist) and AB 1602 (Perez), sister bills that would establish and set in motion the implementation of the California Health Benefit Exchange.
As we outlined last week, SB 900 defines the exchange’s governance and structure, and AB 1602 imposes requirements on participating health plans and other insurance market regulatory changes. Each bill is contingent on the other passing, so each has to pass for the design to take affect. Both are majority-vote bills.
Update! SB 900 has passed the Assembly and now moves back to the Senate for a concurrence vote. AB 1602 still awaits a Senate floor vote (likely today), and then goes back to the Assembly for concurrence. Once each concurrence vote has been taken, it’s off to the Governor for his signature or veto.
New resource! Amendments to SB 900 and AB 1602 were taken last week, and the bills look considerably different than their previous versions. What’s in ’em? You could read all 38 pages of legislation, or you could check out ITUP’s 3(ish)-page summary of the exchange bills. Available now.