HB18-1392

HB18-1392 - State Innovation Waiver Reinsurance Program

Postponed Indefinitely
Concerning the creation of the Colorado reinsurance program to provide reinsurance payments to health insurers to aid in paying high-cost insurance claims, and, in connection therewith, authorizing the commissioner of insurance to seek approval from the federal government to waive applicable federal requirements, provide federal funds, or both to enable the state to implement the reinsurance program making the program contingent upon waiver or funding approval, and making an appropriation.

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.

(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)

 

Latest update: May 4, 2018
05/04/2018 - Senate Committee on State, Veterans, & Military Affairs Postpone Indefinitely
04/30/2018 - Introduced In Senate - Assigned to State, Veterans, & Military Affairs
04/30/2018 - House Third Reading Passed - No Amendments
04/27/2018 - House Second Reading Special Order - Passed with Amendments - Committee, Floor
04/27/2018 - House Committee on Appropriations Refer Amended to House Committee of the Whole
04/23/2018 - House Committee on Finance Refer Amended to Appropriations
04/19/2018 - House Committee on Health, Insurance, & Environment Refer Amended to Finance
04/13/2018 - Introduced In House - Assigned to Health, Insurance, & Environment