§ 9415 - Allocation of expenses - Vermont Statutes

§ 9415. Allocation of expenses

(a) Expenses incurred to obtain information and to analyze expenditures, review hospital budgets and for any other related contracts authorized by the commissioner shall be borne as follows: 40 percent by the state from state monies, 15 percent by the hospitals, 15 percent by nonprofit hospital and medical service corporations licensed under chapter 123 or 125 of Title 8, 15 percent by health insurance companies licensed under chapter 101 of Title 8, and 15 percent by health maintenance organizations licensed under chapter 139 of Title 8.

(b) Expenses under subsection (a) of this section shall be billed to persons licensed under Title 8 based on premiums paid for health care coverage, which for the purposes of this section include major medical, comprehensive medical, hospital or surgical coverage, and any comprehensive health care services plan, but does not include long-term care, limited benefits, disability, credit or stop loss or excess loss insurance coverage. (Added 1995, No. 180 (Adj. Sess.), § 19; amended 2005, No. 93 (Adj. Sess.), § 10b, eff. March 3, 2006.)