HLTH BENEFITS EXCHNG-OVERSIGHT

Amends the Illinois Health Benefits Exchange Law. Makes changes concerning the legislative intent of the Law. Sets forth definitions. Establishes the Illinois Health Benefits Exchange as an independent, non-profit entity formed and organized under the laws of the State. Provides that the Exchange shall be a public entity, but shall not be considered a department, institution, or agency of the State. Deletes references to the Illinois Health Benefits Exchange Legislative Study Committee and establishes instead the Illinois Health Benefits Exchange Legislative Oversight Committee within the Commission on Government Forecasting and Accountability. Provides that the governing and administrative powers of the Exchange shall be vested in a body known as the Illinois Health Benefits Exchange Board and sets forth provisions concerning appointments, terms, meetings, structure, recusal, budget, and purpose. Sets forth provisions concerning enrollment through brokers and agents and producer compensation. Provides that the Law shall be null and void if the U.S. Supreme Court strikes down the federal Affordable Care Act in whole or in part. Makes other changes. Effective immediately.