Marketplace Virginia; created. (SB162)

Introduced By

Sen. John Edwards (D-Roanoke)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

Marketplace Virginia; health plans. Creates Marketplace Virginia, which will be established and operated by a new division within the State Corporation Commission (SCC). Marketplace Virginia shall facilitate the purchase and sale of qualified health plans and qualified dental plans to qualified individuals and qualified employers, making qualified plans available to qualified individuals and qualified employers. The bill authorizes the SCC to review and approve accident and sickness insurance premium rates applicable to health benefit plans in the individual and small group markets and health benefit plans providing health insurance coverage in the individual market through certain nonemployer group plans. Marketplace Virginia will be funded by assessments on health insurers offering plans in the Marketplace. A health plan will not be required to cover any state-mandated health benefit if federal law does not require it to be covered as part of the essential benefits package. The SCC may contract with other eligible entities and enter into memoranda of understanding with other agencies of the Commonwealth to carry out any of the functions of Marketplace Virginia, including agreements with other states or federal agencies to perform joint administrative functions. Such contracts are not subject to the Virginia Public Procurement Act (§ 2.2-4300 et seq.). Read the Bill »

Outcome

Bill Has Failed

History

DateAction
12/28/2017Prefiled and ordered printed; offered 01/10/18 18101648D
12/28/2017Referred to Committee on Commerce and Labor
01/15/2018Impact statement from SCC (SB162)
01/15/2018Passed by indefinitely in Commerce and Labor (11-Y 3-N) (see vote tally)