Transcript Highlights:

• of the medication, not necessarily the price to the patient.
• number of pharmacies where 340b pricing number of pharmacies where 340b pricing is<03:06:22.319>
• <03:09:52.960> so the savings from these drug pricing so the savings from these drug pricing
• employed year over-year drug prices are employed year over-year drug prices are the<03:28:39.960
• refilled through the 340b drug pricing refilled through the 340b drug pricing program<03:39:15.399

Keywords: 1191, senate, all

Transcript Highlights:

• I mean, we price our jobs accordingly knowing that we have that kind of liability.
• the bid opening as well, because every contractor, every contractor that's going to be in business prices
• inflated rate at the bid opening as well, because every contractor that's going to be in business prices
• obviously. ...but this potential inflation for that, you know, could the state see some of those prices

Summary: The Commerce Committee heard testimony on Senate Bill 916, which would limit contractor liability on Missouri Department of Transportation projects when contractors are following approved plans and standards, and would also clarify that contractors are not required to indemnify the state as a condition of bidding or beginning work. Senator Berger and several supporters argued the bill would align responsibility with control, reduce unnecessary litigation, and lower insurance and project costs for contractors who are sued for conditions they did not create. They emphasized that the bill would not protect negligence, defective workmanship, or concealment, and the sponsor described examples of contractors being drawn into lawsuits before work began or after projects were complete. Supporters included representatives of construction firms, the Missouri Asphalt Payment Association, the AGC of Missouri, the Missouri Municipal League, the Missouri Chamber of Commerce and Industry, and engineering groups. Contractors described cases where they were sued over alleged design issues or incidents occurring after completion, saying they had no ability to change the design but still incurred legal and insurance costs. One municipal league witness also explained a separate provision clarifying that a public entity does not waive sovereign immunity merely by being named as an additional insured on a contractor’s policy. MoDOT’s deputy director testified for informational purposes, warning that removing indemnification could expose the state to more litigation during construction. After the committee established a quorum in executive session, a motion was made to vote Senate Bill 916 do pass. The committee approved the bill unanimously, 8-0, and then adjourned.

Transcript Highlights:

• put a guarantee in that they're not going to take the infrastructure money and still charge the same price
• So the objective is to make sure that's... ...still charge the same price for the house.
• So the objective is to make sure that the price of the dwelling is reduced by the amount that's put in
• pay it up front gets to be a little, a little bit iffy, because where... ...does it reflect in the price

Keywords: 908, all

Summary: The committee met to work on three remaining policy bills. On HB 2225, members discussed an amendment reducing the Strategic Investment and Improvements Fund housing grant program from $50 million to $30 million, lowering the maximum grant amount, and clarifying that existing lots can qualify after a certificate of occupancy is issued so the program can help communities like Watford City and Williston use prepared lots. Members also discussed the matching requirements, tribal eligibility, and how Commerce would score applications to ensure the money lowers lot costs rather than being absorbed by political subdivisions. The amendment and the bill as amended both passed 22-0, and Representative Murphy was assigned to carry the bill. The committee then took up SB 2200, which funds the 988 crisis hotline. After discussion, members agreed to strip out the proposed phone-line charge approach and instead provide a $500,000 appropriation from the Community Health Care Trust Fund, consistent with the Senate version, to supplement existing funding for increased staffing and texting-related demand. The amendment and the bill as amended both passed 22-0, and Representative Nelson will carry the bill. Finally, the committee considered SB 2342, which creates a value-added milk processing facility incentive program. The amendment reduced the proposed line of credit from $10 million to $5 million, with the program intended to support dairy-related processing infrastructure such as utilities, roads, water, wastewater, and rail access. Members noted the program would be administered through the Agriculture Diversification and Development Committee, could potentially support one or multiple facilities, and sunsets June 30, 2027. The amendment and the bill as amended both passed 22-0, and Representative Brandenburg will carry the bill. The committee then adjourned, planning to reconvene the next morning to take up additional bills and budget adjustments.

Transcript Highlights:

• HB 1225, by Gates, relating to the establishment of a pre-bundled pricing program to reduce certain health
• HB 1226, by Gates, relating to the establishment of a pre-bundled pricing program to reduce certain health
• 1290, by Harris Davila, relating to prohibiting food additives from being included in free or reduced-price
• HB 1314, by Hickland, relating to price estimates and billing requirements of certain health care facilities

Summary: The House met to read a large slate of newly filed bills and resolutions and refer them to committees. The measures covered a wide range of topics, including health care and insurance, public education, elections, criminal justice, public safety, taxes, transportation, agriculture, environmental regulation, higher education, housing, and local government. Several proposals focused on abortion and reproductive health, firearms, voter registration and ballot access, school curriculum and accountability, property tax and homestead issues, and state contracting and agency oversight. A number of constitutional amendments were also filed, including proposals on initiative and referendum, veto override authority, vaccination refusal, parental rights in education, gun rights, Medicaid expansion, and various tax exemptions. No substantive debate, testimony, or votes occurred during this portion of the meeting; the clerk simply read the bills and resolutions and announced their committee referrals. The list included both general legislation and joint resolutions, with many items sent to standing committees and several to subcommittees. The House then adjourned without objection until 2 p.m. on Tuesday.

Transcript Highlights:

• You see, our producers are price takers and not price makers, meaning that they cannot adjust price.
• someone who has spent decades in the industry, landscape industry, I have first-hand seen how rising prices

Bills: HB195, HB247, HB255, HJR2, HJR4, HJR6, HJR31, HJR34, HB195, HB247, HB255, HJR6, HJR31, HJR34

Keywords: school district, ad valorem tax, local revenue, tax collection, education funding, border security, tax exemption, ad valorem, real property, infrastructure, Texas-Mexico border, ad valorem taxation, farm products, livestock, timber, death tax, inheritance tax, estate tax, property transfer, constitutional amendment

Transcript Highlights:

• It can bring down the cost of an $88,500 survey down to $2,500, and when the price goes down, people
• $88,500 survey down to 2500 and<00:06:37.000> when<00:06:37.240> the<00:06:37.440> price
• goes<00:06:38.080> down<00:06:38.479> people<00:06:38.680> are and when the price
• goes down people are and when the price goes down people are more<00:06:39.199> likely<00:06:

Keywords: 919, house, all

Summary: The committee took up House File 1478, a bill to continue and expand a grant program for locating Minnesota’s public land survey system (PLSS) monuments and survey corners. The author explained that many of the state’s 325,000 PLSS monuments have unknown locations, which contributes to boundary uncertainty, lawsuits, and inaccurate land records and taxation. The bill, as described, would add criteria for counties, allow tribes to access the program, and continue funding it. The committee also noted Senate authors and bipartisan support for the measure. An A1 amendment was offered by Representative Fryberg to put the bill in the desired form, and it was adopted without objection. Testifiers from the Minnesota Society of Professional Surveyors and county surveying offices supported the bill, saying better monument location improves maps, property transfers, land management, and tax accuracy, while reducing disputes and lowering survey costs for landowners and public projects. One testifier said the work is important but often underappreciated; another emphasized that more monuments can make surveys much cheaper and more accurate. Committee members expressed support for the bill’s goals, with several indicating they would sign on. The chair repeatedly referenced uncertainty around the budget forecast and said the committee would have to consider practical fiscal realities. In the end, Representative Fryberg renewed his motion, and House File 1478, as amended, was laid over for possible inclusion.

Transcript Highlights:

• many small businesses and basic Economics tells us that as the supply of legal services goes up, the price
• It also tells us that government regulation of a service drives up the price.
• So, how do we raise the supply and reduce the price of legal services?
• If we can agree that the average Texan has been priced out of the market for many legal services, then

Keywords: 1184, house, all

Transcript Highlights:

• Senator Price. Senator Shellnut. Senator Singleton. Senator Smitherman. Senator Smitherman.
• Hi, Senator Price. Senator Sessions. Senator Shellnut. Senator Singleton. Hi, Senator Smitherman.
• Chairman, Senator Price, I just want to say thank you guys for what you're doing.

Keywords: 923, senate, all

Transcript Highlights:

• Ultimately, we’re worried that it would drive up the cost of veterinary care, price out pet owners, and
• Now Massachusetts businesses and workers are paying the price.
• Hyde Square Task Force found evidence of discriminatory pricing, where Stop & Shop charged 18% more for
• We believe that a fair economy does not put a price tag on opportunity.
• which would undermine protection by rewriting antitrust laws, which provide consumers with lower prices

Keywords: 995, all

Summary: The Joint Committee on the Judiciary held a lengthy public hearing on a wide range of civil actions, labor, consumer protection, and animal welfare bills. Chair Lydia Edwards and Representative Michael Day opened with strict testimony rules and time limits, then heard from legislators and advocates on measures including animal-abuser pet ownership bans (S. 1207/H. 1914), a name-change privacy bill (S. 1045/H. 1973), tort claims reform (H. 1724), law enforcement council coverage under the Tort Claims Act (S. 1199), civil rights and qualified immunity-related proposals (H. 1641), employee free speech/captive audience restrictions (S. 1078/H. 1653), consumer protection and civil rights jurisdiction expansion (S. 1041), private right of action for wage theft (H. 1916), gun-owner liability insurance (H. 1836), pseudoephedrine sales tracking (S. 1243/H. 1581), prepaid legal services plans (H. 1612), structured settlement protections (H. 1863), third-party litigation financing disclosure (H. 1861), antitrust reform for small businesses and workers (S. 1038/H. 1982), legal notices in online-only newspapers (S. 1279/H. 1632), and several animal cruelty and protection bills including H. 1938, H. 1949, S. 1277/H. 1934, and H. 1764. Testimony was largely supportive from bill sponsors and advocacy groups, with repeated themes of protecting vulnerable people and animals, improving access to justice, and updating outdated laws. Supporters of the animal bills argued for stronger possession bans, broader cruelty citations, and civil removal tools to prevent repeat abuse; opponents or conditional supporters raised due process and enforcement concerns, especially around warrantless seizures and requiring retail or shelter staff to check registries. On the labor and consumer side, supporters said the antitrust bill would curb monopoly power and help small businesses and workers, while opponents warned it could destabilize competition and burden successful firms. The employee free speech bill was backed as a response to captive audience meetings, and the wage-theft bill was presented as a way to let workers or organizations pursue claims when individual employees are afraid to come forward. Several public officials and association representatives testified on the law enforcement and civil rights bills. Chiefs of police supported adding law enforcement councils to the Tort Claims Act, saying it would close a liability gap for regional mutual-aid collaborations. But police representatives opposed changes to the Massachusetts Civil Rights Act and qualified immunity-related provisions, arguing the federal system already provides a workable forum and that expanding liability could increase costs, reduce morale, and worsen recruitment and retention. On the consumer/civil rights bill, Senator Collins and a veteran described an out-of-state assault case that they said showed the need for Massachusetts to let residents seek redress at home when rights are violated elsewhere. No votes or formal committee actions were taken during the hearing itself; the committee mainly received testimony and questions. Several witnesses indicated they had submitted written testimony or proposed amendments, and some bills drew requests for favorable reports while others were explicitly opposed unless amended.

Transcript Highlights:

• This is an act relative to the extension of the free and reduced price breakfast and lunch programs and
• that's been made, maybe with Xerox, who has got your copy machines, and maybe you can get a better price
• that's been made, maybe with Xerox, who has got your copy machines, and maybe you can get a better price
• Because when you increase the amount of eligible free and reduced price students, you get additional
• students, you get additional price students, you get additional adequacy<04:38:16.400> funding

Keywords: 10:00am HB 1260 11:00am HB 1574 12:00pm HB 1816 2:30pm HB 1499 2:45pm HB 1709, 928, house, all

Summary: The conference committee first met on HB 1260, a bill requested by municipal clerks to allow certain divorce-related records to be kept confidential. House members argued the Senate amendment would reverse the presumption of openness established in the Keene Sentinel case and raise constitutional issues under the state constitution’s privacy and open-government provisions. Senate members responded that the 2018 privacy amendment, the limited scope of the proposal, and modern internet risks justified the change, but the House maintained the issue needed a full hearing in a separate bill. The committee ultimately voted unanimously for the Senate to recede and adopt the House version, preserving the underlying bill without the Senate amendment, and both sides said they would revisit the topic in a future session. The committee then took up HB 1574, which extends free and reduced-price breakfast and lunch programs and provides funding for SNAP administrative costs. The main dispute was the Senate’s addition of $4.4 million for SNAP administration, which DHHS said was needed because federal law would shift more administrative costs to the state and could increase the state’s SNAP error rate, potentially triggering much larger future penalties. DHHS officials reported the current error rate was 7.57% for federal fiscal year 2024, below the national average, and estimated that if the rate rose above 8%, the state could owe about 10% of SNAP benefits, or roughly $12 million for a partial year and nearly $16 million for a full year. Some House members supported the added funding as a preventive measure, while others objected that the underlying bill was modest and the amendment resembled a previously rejected proposal. The discussion ended with the committee moving toward the House position and the bill’s future depending on the chamber’s vote on the Senate amendment.

Transcript Highlights:

• Every time someone who wants to live in our urban centers near transit is priced out, we are failing
• It'll be $3 million, because that is the average sale price of a home within walking distance of the
• And we'll see what happens when more prices go up. But it's the, I mean, we're...
• We'll see what happens when more prices go up.
• The price is determined by a team of appraisers.

Summary: The committee heard several housing bills, with the longest discussion focused on SB 79, which would allow more housing near high-capacity transit stops and on transit agency-owned land. The author and supporters argued it would address California’s housing shortage, reduce vehicle miles traveled, and strengthen transit systems by putting more residents near rail and rapid transit. Supporters included housing advocates, local officials, environmental groups, and transit-oriented development organizations. Opponents, including many cities, the League of California Cities, and some tenant and legal advocacy groups, raised concerns about affordability requirements, displacement, demolition protections, local control, and the bill’s interaction with existing local planning efforts. The committee discussed amendments to strengthen anti-displacement protections, minimum density, affordability standards, and a local flexibility alternative, and SB 79 was moved out on a due-pass-as-amended vote of 8-1, with one member not voting. The committee then took up SB 21, which would amend the Housing Crisis Act to allow limited unit reductions when converting deed-restricted SRO buildings into larger, more livable affordable units with private bathrooms, kitchens, and supportive services. The author and nonprofit housing providers said many SRO buildings are financially unsustainable and that the bill would preserve deeply affordable housing while improving conditions for residents. There was no organized opposition testimony at the hearing, though one business property group registered opposition. Members expressed support for the preservation-focused approach, and SB 21 was approved on an 8-0 vote and sent to the Assembly Committee on Local Government. Next, SB 92 was heard, a measure to close a density bonus loophole by limiting how much additional commercial floor area a project can receive and preventing the law from being used to justify very large nonresidential projects with only minimal affordable housing. The author cited a San Diego project as an example of the problem, and the City of San Diego supported the bill as a reasonable fix. Several labor and housing groups also supported it, while no formal opposition witnesses testified. The committee accepted amendments, members praised the effort to curb abuse while preserving feasibility, and SB 92 passed on a 7-0 vote. Finally, the committee began hearing SB 522, which would extend just-cause eviction protections to units rebuilt after disaster if they had previously been covered by the Tenant Protection Act. The author and the Los Angeles City Attorney said the bill would help preserve rental housing in disaster-affected communities, especially after the Pacific Palisades fires, and would not create new rent control. Opponents, including apartment, realtor, and property owner groups, argued it would add burdens to rebuilding and could discourage reconstruction. Members raised questions about whether existing law already protects returning tenants and whether the bill was necessary, and the hearing continued into committee discussion.

Transcript Highlights:

• The average sales price that we're currently seeing is about $253,000. Last year that was $246,000.
• Senator Padilla, the, uh, the down payment assistance that we currently have is, uh, 4% of the sales price
• So let's just, uh, for round numbers, let's say it's $300,000 sales price.
• The vast majority were three and four bedroom homes, which therefore just increases the price of, of
• Um, is an effective price.

Transcript Highlights:

• that they have at their fingertips local news media with massive reach and often very competitive ad pricing
• that they have at their fingertips local news media with massive reach and often very competitive ad pricing
• :41:52.560> very<00:41:52.880> competitive<00:41:53.400> ad<00:41:53.560> pricing
• <00:41:54.280> So, often very competitive ad pricing.
• So, often very competitive ad pricing. So, thank<00:41:54.840> you. thank you. thank you.

Keywords: 1187, senate, all

Transcript Highlights:

• And again, I want to confirm Senator Carrol's testimony about the $50 million price tag.
• So that $50 million price tag does sound about right.
• And again, I want to confirm Senator Carrol's testimony about the $50 million price tag.
• So that $50 million price tag does sound about right.
• So that $50 million price tag does sound about right.

Keywords: Meeting Start: 00:00:00 Roll Call: 00:00:04 SB 02: 00:01:37 Discussion in Opposition to SB 02: 00:09:49 SB 84: 00:22:19 SB 111: 00:30:35, 958, all

Summary: The committee first considered Senate Bill 2, sponsored by Senator Mike Wilson, which would prohibit incarcerated people from receiving cross-sex hormones or gender-affirming surgeries, while allowing a tapering period if stopping an existing treatment would cause physical harm. Wilson said the bill was needed to prevent the Department of Corrections from providing such care by memo or policy rather than statute, and he argued the care was elective and not medically necessary. Senators Thomas, Neal, Nemes, Styers, and others questioned whether any gender-affirming surgeries had actually occurred in Kentucky, whether the hormone treatments were physician-prescribed, and whether the bill would override medical judgment; Wilson said the department reported no surgeries, that 67 incarcerated people were receiving cross-sex hormone therapy, and that he would only support treatment if it fit the bill’s narrow medical-harm exception. Public testimony on SB 2 was strongly opposed. Chris Hartman of the Fairness Campaign said the bill would deny medically necessary care, violate the Eighth Amendment, and target a very small and vulnerable incarcerated population. Dr. Jack Skilles testified that gender-affirming care is medically necessary and supported by major medical organizations, warning that denying it could worsen mental health and lead to suicidality. Hannah Callahan, a transgender woman, described being denied hormone therapy while incarcerated and said the interruption caused severe physical and mental harm, including suicidal thoughts. Emma Curtis, Lexington’s Fourth District councilwoman, also urged a no vote, framing the issue as a matter of compassion and religious duty. The committee then voted on SB 2. Senator Neal explained his no vote by saying he was not medically trained and deferred to doctors; Senator Nemes said he wanted clarification that the bill would not stop ongoing treatment; and Senator Styers argued the bill was a poor priority and noted there was no fiscal note and that only 67 people were affected. Senator Wheeler moved the bill, Senator Reed seconded, and the committee reported Senate Bill 2 favorably. Afterward, the committee began hearing Senate Bill 84, sponsored by Senator Steve Rawlings, which would limit judicial deference to state agency interpretations and require courts, not agencies, to interpret ambiguous laws, citing the U.S. Supreme Court’s 2024 Loper Bright decision overturning Chevron deference.

Transcript Highlights:

• Business tax burdens are passed along to customers in the form of higher prices, workers in the form
• <01:18:48.800> of the cost through onto the prices of the cost through onto the prices of
• And certainly my belief that the sales tax should be imposed on the final price to the consumer.
• And certainly my belief that the sales tax should be imposed on the final price to the consumer.
• And certainly my belief that the sales tax should be imposed on the final price to the consumer.

Keywords: 1187, senate, all

Transcript Highlights:

• The first drug grew because of the price increases to that drug.
• The third is due to price increases and the force.
• Now they are paying full price for their meals.
• Now they are paying full price for their meals.
• Now they are paying full price for their meals.

Summary: The committee met to receive a series of audit presentations, beginning with the statewide Annual Comprehensive Financial Report (ACFR) for fiscal year 2025. The State Auditor’s Office and OMB reported a clean, unmodified opinion for the state, with strong financial results including a $40.6 billion net position, $30.99 billion in assets, $1.81 billion in liabilities, and continued Legacy Fund growth. OMB also explained the new GASB 101 compensated-absences reporting change and discussed pension-liability fluctuations tied to discount-rate assumptions and investment performance. Members asked about how the state compares to others and about the effect of short-term commodity price swings, and OMB said the report reflects actual fiscal-year results rather than forecasts. The committee then heard the University System audit, which also received a clean opinion but included four findings: misreporting of Strategic Investment and Improvements Fund revenue, insufficient monitoring of service organizations at CTS, NDSU, and UND, improper bank reconciliations at Dakota College of Bottineau, Dickinson State, and Williston State, and investment/cash reconciliation problems at Bismarck State College related to bond proceeds. University officials agreed with the findings and said corrective actions were underway, including internal review of bank reconciliations. Members raised questions about NDSU’s use of certificates of deposit, and university staff explained that CDs are used to earn interest on funds being accumulated for future projects. Several other audits were presented, most with clean opinions and no findings, including the State Auditor’s Office, Workforce Safety and Insurance, Housing Finance Agency, Housing Incentive Fund, Job Service North Dakota, the Retirement and Investment Office, PERS, the Center for Distance Education, the Commission on Legal Counsel for Indigents, the Ethics Commission, and the Office of Administrative Hearings. Notable exceptions included a State Fair Association audit with an adverse opinion on the foundation component unit because its financial statements were not available for audit, and a Securities Department performance audit finding that performance-based pay increases and bonuses were issued without required evaluations. The committee also discussed the State Auditor’s future needs, including more staff capacity, data analytics, cybersecurity reviews, possible subpoena authority, independent legal counsel, and whether some audits—such as the Ethics Commission and State Fair—should be handled by independent third parties or under different statutory arrangements.

Transcript Highlights:

• of food, the price of utilities, the price of rent, the price of everything going up, if we blame the
• <01:37:35.040> of for the price of food, the price of for the price of food, the price of
• utilities,<01:37:36.560> the<01:37:36.800> price<01:37:37.040> of<01:37:37.280><
• c> rent,<01:37:38.239> the<01:37:38.480> price utilities, the price of rent, the price
• utilities, the price of rent, the price of<01:37:38.880> everything<01:37:39.360> going

Keywords: 1183, house

Transcript Highlights:

• Meanwhile,<01:01:19.480> the<01:01:19.560> price<01:01:19.840> of<01:01:19.960><
• c> gold<01:01:20.320> has Meanwhile, the price of gold has Meanwhile, the price of gold has
• But as you stated, the price of gold and the value of the dollar do not go up and down together, and
• But as you stated, the price of gold and the value of the dollar do not go up and down together, and
• But as you stated, the price of gold and the value of the dollar do not go up and down together, and

Keywords: Meeting Start 00:00:00 Call to Order and Roll Call 00:00:38 Consideration of Referred Administrative Regulations 00:01:34 Proposed Legislation for the 2026 Session 00:10:14 Basic and Added Reparation (PIP) Benefits 00:10:41 Prior Authorization 00:46:15 Measures to Strengthen Kentucky’s Economic Infrastructure 00:59:46, 958, all

Summary: The committee met in a special-called session of the Interim Joint Committee on Banking and Insurance and first took up three Department of Insurance regulations tied to House Bill 256, the Strengthen Kentucky Homes program: 806 KAR 22:00, 22:10, and 22:20. Commissioner Sharon Clark said the program would provide $5 million in grants to help homeowners strengthen roofs, with regulations covering eligibility and operations, contractors and evaluators, and reinspections in cases of suspected fraud. A committee substitute to 806 KAR 22:10 was explained as a technical correction to conform to the statutory preference for in-state contractors and evaluators. Representative Hampton moved and Representative Rudy seconded approval of the substitute, and it was adopted by voice vote; the amended regulations were then reviewed. Clark also said the grant money would be distributed statewide rather than targeted to storm-prone areas. The committee then heard an update from Commissioner Clark on mental health parity in response to questions from Representative Pollock. Clark said the department reviews insurer filings and conducts market conduct examinations, but does not have authority over provider reimbursement rates or to require providers to join insurer networks. She said complaints are investigated and, when needed, teams review claims and data on site to check compliance with parity requirements. No action was taken on that discussion. After approving the November 4 meeting minutes, the committee heard testimony on a proposed PIP reform package from Representative Josh Bray, the Kentucky Hospital Association, the Kentucky Justice Association, and State Farm. Supporters said the bill would apply the workers’ compensation fee schedule to most PIP medical claims, keep the $10,000 PIP limit in place while stretching benefits further, reduce balance billing, modernize benefit amounts, and address fraud and delayed billing. They noted hospitals would be exempt from the fee schedule, while hospital-based physical therapy would be included, and said the compromise reflected negotiations among stakeholders. Some members questioned whether exempting hospitals undercut the bill’s purpose and asked about possible rate effects; proponents said they had not done a rate analysis and that the bill could lead to more treatments within the existing PIP limit. No vote was taken on the PIP proposal during this meeting.

Transcript Highlights:

• The price goes up.
• Inflation shows up in everyday insurance prices.
• Inflation shows up in everyday insurance<00:58:54.319> prices.
• When it costs more to insurance prices.
• losses of tomorrow at tomorrow's prices. losses of tomorrow at tomorrow's prices.

Keywords: Meeting Start 00:00:00 Call to Order and Roll Call 00:00:15 Department of Insurance Update 00:01:39 Department of Financial Institutions Update 00:37:07 Insurance Industry Update 00:54:50 Credit Union Industry Update 01:10:53, 958, all

Summary: The committee met with a quorum, approved the September 16 minutes, and then received an update from Insurance Commissioner Sharon Clark and staff on the Department of Insurance. Clark reviewed department activity, including growth in premium volume and licensing, consumer complaints and recoveries, and a rise in fraud referrals. She said the department has 66 open fraud cases and described common schemes such as staged auto accidents, inflated repair or cleanup charges, and roofing scams. She also said the department’s investigators often prepare strong cases but face reluctance from local prosecutors, especially in Fayette and Jefferson counties, to pursue them. Clark reported favorable workers’ compensation news, saying rates will decrease 9.7% next year for the 20th straight year. She contrasted that with a difficult property insurance market driven by storms, reinsurance costs, inflation, labor shortages, and litigation, but said Kentucky’s market remains relatively stable, citing the Kentucky Fair Plan’s small number of policies. She then warned of significant 2026 health insurance premium increases on the exchange: 16.1% for Molina, 23% for Anthem, and 37% for WCare, after CareSource withdrew. She said the rates were reviewed by actuaries and found fair, but that the biggest pressure point is the scheduled expiration of enhanced premium tax credits, which she said could leave about 90% of exchange enrollees facing a compounded increase. Members questioned Clark about fraud prosecution, the number of people in commercial versus public coverage, and the impact of expiring subsidies. Clark said the prosecution issue is mainly with Commonwealth attorneys and that rural counties are more cooperative than urban ones. She also said the health market is individually rated and that older enrollees would be hit harder, while the loss of tax credits could push some people out of the marketplace. One member asked about the attorney general’s recent opinion on SB 188, the PBM bill; staff said attorneys were still reviewing it. Clark closed by noting that Kentucky’s fraud and towing/storage legislation has become a model for other states.

Transcript Highlights:

• Grocery prices are at record highs, fuel costs are eating into family budgets, electricity and heating
• House File 14 is a common-sense pause. forward to today and the price tag has forward to today and the
• price tag has skyrocketed<01:26:10.880> to<01:26:11.119> nearly skyrocketed to nearly
• 05.960> basic<01:27:06.480> necessities<01:27:07.480> grocery<01:27:07.960> prices
• afford basic necessities grocery prices afford basic necessities grocery prices are<01:27:08.960

Keywords: 1183, house