The bill, HB 616, focuses on the Louisiana Department of Insurance (LDI) and its process for conducting actuarial reviews of healthcare legislation. It mandates that by February 1, 2025, LDI must contract with qualified entities to perform these reviews, ensuring that at least one contractor has relevant experience in health insurance premiums and is based in Louisiana. Legislators are required to submit requests for actuarial reviews by December 1 of the year before the legislative session in which the proposal will be introduced. The reviews will assess the predicted effects of legislative proposals for the year immediately following their effective date, and the reports generated will remain confidential until the proposals are introduced in the legislature.

The bill also includes several amendments, such as changing the deadline for contracting from December 1, 2024, to February 1, 2025, and removing the requirement for public input meetings. Additionally, it modifies the timeframe for evaluating the effects of legislative proposals and makes various technical changes to the language of the bill. The proposed law repeals the existing Louisiana Mandated Health Benefits Commission and allows the Louisiana State Law Institute to redesignate the new provisions. Overall, the bill aims to enhance the actuarial review process for healthcare legislation while ensuring confidentiality and independence in the reviews conducted.

Statutes affected:
HB616 Original: 22:2188(A), 22:2188(B)
HB616 Engrossed: 22:2188(A), 22:2188(B)
HB616 Reengrossed: 22:2188(A), 22:2188(B)
HB616 Enrolled: 22:2188(A)
HB616 Act 714: 22:2188(A)