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Bill Detail: HB19-1168

 

Title State Innovation Waiver Reinsurance Program
Status Introduced In House - Assigned to Health & Insurance (02/01/2019)
Bill Subjects
  • Health Care & Health Insurance
House Sponsors J. McCluskie (D)
J. Rich (R)
Senate Sponsors B. Rankin (R)
K. Donovan (D)
House Committee Health and Insurance
Senate Committee
Date Introduced 02/01/2019
Description

The bill authorizes the commissioner of insurance to apply to the
secretary of the United States department of health and human services
for a state innovation waiver, for federal funding, or both, to allow the
state to implement and operate a reinsurance program to assist health
insurers in paying high-cost insurance claims. The state cannot implement
the program absent waiver or funding approval from the secretary. The
program is established as an enterprise for purposes of section 20 of
article X of the state constitution. The division of insurance is to include
an update regarding the program in its annual SMART Act report, and
the program is subject to sunset review and repeal in 5 years.

Committee Reports
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