Mr. Patrick Fuller
Chief Clerk, Wisconsin State Assembly
Room 401, Risser Justice Center
17 West Main Street
Madison, Wisconsin 53703
Dear Patrick:
Pursuant to Assembly Rule 42 (3)(c), I am withdrawing Assembly Bill 189 from the Assembly Committee on Jobs, Economy and Small Business and re-referring it to the Assembly Committee on Insurance. I have the consent of Representative Mary Williams, chair of the Assembly Committee on Jobs, Economy and Small Business, to take this action.
Sincerely,
Jeff Fitzgerald
Assembly Speaker
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Agency Reports
State of Wisconsin
Legislative Audit Bureau
Madison
June 28, 2011
To the Honorable, the Assembly:
As required under s. 13.94 (1)(dh), Wis. Stats., we have completed our annual financial audit of the Wisconsin Health Insurance Risk-Sharing Plan (HIRSP) Authority for 2010 and have provided an unqualified audit opinion on its financial statements. The HIRSP Authority provides medical and prescription drug insurance for individuals who are unable to obtain coverage in the private market or who have lost employer-sponsored group health insurance.
Enrollment in the state-based HIRSP Plan increased 15.8 percent to reach 18,965 as of December 31, 2010, and increased another 7.2 percent during the first four months of 2011. At least part of this increase is a result of reduced premiums and improved affordability.
Since its inception in 2006, the HIRSP Authority has maintained a sound financial position. Its net asset balance was $13.7 million as of December 31, 2010, which is slightly higher than its targeted balance of $12.6 million. However, in response to an unexpected increase in large medical claims and prescription drug costs, the HIRSP Authority is increasing most policyholder premium rates for the state-based HIRSP Plan by 15.0 percent effective July 1, 2011.
In July 2010, as part of federal health care reform efforts, the federal government contracted with the HIRSP Authority to operate a temporary high-risk insurance pool for individuals who are uninsured because of pre-existing medical conditions. The HIRSP Federal Plan had enrolled 307 policyholders at the end of 2010 and is expected to operate until 2014. The federal government funds costs in excess of the premiums collected from policyholders.
We appreciate the courtesy and cooperation extended to us by the HIRSP Authority, the plan administrator, and the pharmacy benefit manager.
Sincerely,
Joe Chrisman
Interim State Auditor
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Adjournment
Representative Loudenbeck moved that the Assembly stand adjourned pursuant to Senate Joint Resolution 1.
The question was: Shall the Assembly stand adjourned?
Motion carried.
The Assembly stood adjourned.
11:21 A.M.
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