SB 944 Requires large employers to dedicate a percentage of profits for health care costs
Sponsor: Bray Co-Sponsor(s)
LR Number: 4655S.01I Fiscal Note:
Committee: Small Business, Insurance & Industrial Relations
Last Action: 1/26/2006 - Second Read and Referred S Small Business, Insurance & Industrial Relations Committee Journal Page: S138
Title: Calendar Position:
Effective Date: August 28, 2006

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Current Bill Summary


SB 944 - 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.

ADRIANE CROUSE