INSURANCE-MANAGED CARE-HMO

Creates the Regulatory Sunrise Review Act. Establishes a system to investigate and review the necessity of new State regulation over a previously unregulated profession or occupation. Provides a process to investigate what level of regulation is necessary in order to protect the public health, safety, or welfare. Provides that the General Assembly shall commence the process established by the Act to investigate and review the necessity of new State regulation over a previously unregulated profession by passage of a resolution. Requires that an applicant that proposes legislation to license a profession or occupation submit a petition for licensure on forms provided by the Department of Financial and Professional Regulation and pay a fee of $1,000 within 30 days after introduction of the proposed professional regulation legislation. Provides that the Department shall prepare a report assessing the need for the proposed new licensure upon receipt of a complete petition and petition fee. Provides that the report shall be principally authored by persons with specified qualifications or by persons whose qualifications are substantially similar to specified qualifications. Provides that if the Department is unable to enter into a contract for preparation of the report for a sum not to exceed $1,000, the Department may utilize existing funds to supplement the $1,000 fee collected. Provides the various requirements, factors, criteria, and standards that must be included in a report. Provides that a report must be filed with the Secretary of State. Provides that if the General Assembly finds that it is necessary to regulate a profession or occupation, the least restrictive method of regulation may be imposed. Provides a list of factors for the General Assembly to consider when making determinations. Effective immediately. House Committee Amendment No. 2 Deletes reference to: New Act Adds reference to: 215 ILCS 5/155.36 215 ILCS 125/5-10 Replaces everything after the enacting clause. Amends the Illinois Insurance Code to require certain insurance companies to comply with prohibitions under the Managed Care Reform and Patient Rights Act. Amends the Health Maintenance Organization Act. Changes the term "managed care organization" to "health maintenance organization" in a provision concerning an assessment imposed under the Illinois Public Aid Code. Effective immediately, except that provisions under the Illinois Insurance Code are effective January 1, 2020.