EXPLANATION: Eliminate health insurance plan participant co-pay increase and direct $43,117,000 be transferred from the Insurance Reserve Fund to provide sufficient funding for the plan.
Amend the bill, as and if amended, Part IB, Section 105, PUBLIC EMPLOYEE BENEFIT AUTHORITY, page 473, paragraph 105.7, line 29, by striking /6.8%/ and inserting /18.1%/
Amend the bill further, as and if amended, Section 105, PUBLIC EMPLOYEE BENEFIT AUTHORITY, page 473, paragraph 105.7, line 31, by striking /Co-payment increases for participants of the State Health Plan in Plan Year 2014 shall not exceed 20%./ and inserting / In order to provide the additional funding required to ensure the fiscal stability of the Health Insurance Plan while not requiring a co-payment increase for participants, $43,117,000 shall be transferred from the Insurance Reserve Fund no later than January 1, 2014./
Renumber sections to conform.
Amend totals and titles to conform.