Three Georgia laws go into effect at the start of the new year that impact juvenile justice, sales tax on vehicles and medical transactions.
House Bill 63 changes the way the fair market value of a vehicle is estimated. The value of a car will be calculated as the total depreciation, lease amortized amounts and down payments. Fair market value is how much a vehicle is worth for sale. The new bill excludes interest or finance charges in base or down payments.
Senate Bill 80 is aimed at improving medical billing transparency. It requires insurers to disclose their prior authorization policies online. The prior authorization process calls for health care providers to contact the insurer before providing a particular service to ensure it would be covered under a patient’s plan. It adds another layer of health care approval that critics said could prolong care.Read More