The Senate Banking, Business, Insurance & Technology Committee heard testimony on three bills — a hearing aid coverage expansion named for a 13-year-old constituent, a banking modernization act, and a stablecoin regulatory framework — with no votes taken on any legislation and outcomes unclear on all three bills.
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Senator Brown asked what the total universe of Delawareans who would benefit from SB269 is. Senator Sturgeon acknowledged she did not have that answer and had not counted how many children need hearing aids and are not covered by Medicaid. Bert Scaletti clarified the fiscal note addressed only the 521 individuals estimated under the state employee plan in 2024, not a statewide universe, leaving the broader population figure unresolved on the record.
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“Currently, Delaware only requires insurance companies to pay $1,000 per aid per year every 36 months, even though hearing aids and associated costs run between 3,000 and $5,000 and cochlear implants start upwards of $10,000. Many other states with caps are far more generous covering $3,000 or $4,000 per aid per year, and still other states have no caps at all. Some of the least generous states with caps, Arkansas, Kentucky, Louisiana offer a better benefit than Delaware.”
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Sign in to subscribeMorning. The Senate Banking Business Insurance and Technology Committee meeting is called to order. We're still in process. Yep, There we go. Now I have the recording in progress. Good morning, everyone. The Senate Banking Business, Insurance and Technology committee meeting is called to order. As chair of the Senate Banking Business Insurance Technology Committee and in accordance with senate rules, this committee is authorized to meet in hybrid format. Committee members and members of the public can participate either in person or virtually through zoom webinar against anybody member experience technical difficulties, please contact Wyatt. The public may participate virtually by registering via the meeting link that is posted on the general Assembly's website. Instructions for providing public comment are posted on the General Assembly's website under this committee meeting's notice and will be provided during the public comment portion of this hearing. Members of the public are also welcome to attend the meeting in person and should sign the sign in document which is at the end of the table here for attendance and to indicate if they wish to speak on a bill. So we begin by taking roll call. Attendance of committee members present. I am…
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