SB 33 Requires certain employers to dedicate a percentage of profits for health care costs
Sponsor: Bray Co-Sponsor(s)
LR Number: 0538S.01I Fiscal Note: 0538-01
Committee: Health and Mental Health
Last Action: 1/23/2007 - Hearing Conducted S Health and Mental Health Committee Journal Page:
Title: Calendar Position:
Effective Date: August 28, 2007

Full Bill Text | All Actions | Available Summaries | Senate Home Page | List of 2007 Senate Bills

Current Bill Summary

SB 33 - This act requires employers in this state with 10,000 or more employees to provide certain information regarding the amount of money spent by the employer on health care costs to the department of labor and industrial relations. Failure to provide the required information may result in a civil penalty of $250 for each day that the information is not timely reported.

Each not-for-profit employer that does not spend up to eight percent of the total wages paid to employees and each for profit employer that does not spend up to ten percent of the total wages paid to employees on health care costs shall pay the director an amount equal to the difference between either eight or ten percent and the amount actually spent on health care costs. The moneys shall be deposited into the Uncompensated Care Fund and shall be appropriated to licensed hospitals and federally qualified health centers to reimburse them for providing uncompensated care.

This act is identical to SB 944 (2006).