New York S 7569: Directs the department of financial services to study health insurance coverage through the Marketplace

Bill Text

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S07569 Summary:

BILL NOS07569 

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SAME ASSAME AS A01912

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SPONSORCLEARE

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COSPNSR

&nbsp

MLTSPNSR

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&nbsp

Directs the department of financial services to study health insurance coverage through the Marketplace, including collecting data on how many people are insured, and studying the feasibility of creating programs, subsidies, and/or tax credits to help expand health care coverage.

Go to top S07569 Actions:

BILL NOS07569 

&nbsp

04/22/2025REFERRED TO INSURANCE

01/07/2026REFERRED TO INSURANCE

Go to topS07569 Committee&nbspVotes:

Go to topS07569 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topS07569 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 7569

 2025-2026 Regular Sessions

 IN SENATE

 April 22, 2025
 ___________

 Introduced by Sen. CLEARE -- read twice and ordered printed, and when
 printed to be committed to the Committee on Insurance

 AN ACT to direct the department of financial services to study health
 insurance coverage through the Marketplace

 The People of the State of New York, represented in Senate and Assem-
 bly, do enact as follows:

 1 Section 1. 1. The department of financial services is hereby author-
 2 ized and directed to study the feasibility and impact of increasing the
 3 subsidy provided to individuals who purchase health care coverage
 4 through the Marketplace. For purposes of this section the term "Market-
 5 place" shall have the same meaning as defined in section 268-a of the
 6 public health law.
 7 2. Such study shall include, but shall not be limited to:
 8 (a) collecting data on how many people are currently uninsured in New
 9 York state and the reasons for their being uninsured including, but not
 10 limited to, those eligible for public assistance programs, those ineli-
 11 gible to purchase insurance because of their immigration status, and
 12 those who choose to go uninsured because of financial reasons; and
 13 (b) the feasibility of creating programs, subsidies, and/or tax cred-
 14 its to help expand health insurance coverage in New York state to unin-
 15 sured individuals including, but not limited to, the costs and effec-
 16 tiveness of instituting such new programs, subsidies, and/or tax
 17 credits. Such new programs shall include but shall not be limited to:
 18 (i) an individual state-level insurance mandate; (ii) a state supple-
 19 mental premium tax credit to supplement the current federal tax credit;
 20 and (iii) a state premium tax credit for those not eligible to access
 21 the federal tax credit because of their immigration status or income.
 22 3. No later than eighteen months after the effective date of this act,
 23 the department of financial services shall report to the legislature and
 24 the governor on the findings of the study conducted pursuant to section
 25 one of this act and any legislative recommendations deemed to be neces-
 26 sary.
 27 § 2. This act shall take effect immediately.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD05424-01-5

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