Commonwealth Health Reinsurance Program; federal risk adjustment program. (SB338)

Introduced By

Sen. George Barker (D-Alexandria)

Progress

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

Description

Commonwealth Health Reinsurance Program; federal risk adjustment program. Eliminates the requirement that the State Corporation Commission consider transfers made under the federal risk adjustment program to eliminate double reimbursement for high-cost cases as a factor when establishing payment parameters for the benefit year under the Commonwealth Health Reinsurance Program. The bill also eliminates the requirement that the Commission factor in transfers received for an enrolled individual under the federal risk adjustment program when calculating each reinsurance payment based on an eligible carrier's incurred claims costs for a covered person's covered benefits in the applicable benefit year. This bill is identical to HB 842. Read the Bill »

Outcome

Bill Has Passed

History

DateAction
01/11/2022Prefiled and ordered printed; offered 01/12/22 22101343D
01/11/2022Referred to Committee on Commerce and Labor
01/19/2022Impact statement from SCC (SB338)
02/07/2022Reported from Commerce and Labor (15-Y 0-N) (see vote tally)
02/08/2022Constitutional reading dispensed (40-Y 0-N) (see vote tally)
02/09/2022Read second time and engrossed
02/10/2022Read third time and passed Senate (40-Y 0-N) (see vote tally)
02/21/2022Placed on Calendar
02/21/2022Read first time
02/21/2022Referred to Committee on Commerce and Energy
03/03/2022Reported from Commerce and Energy (22-Y 0-N) (see vote tally)
03/07/2022Read second time
03/08/2022Read third time
03/08/2022Passed House BLOCK VOTE (98-Y 0-N)
03/08/2022VOTE: Block Vote Passage (98-Y 0-N) (see vote tally)
03/10/2022Enrolled
03/10/2022Bill text as passed Senate and House (SB338ER)
03/10/2022Impact statement from SCC (SB338ER)
03/10/2022Signed by President
03/10/2022Signed by Speaker
03/22/2022Enrolled Bill Communicated to Governor on March 22, 2022
03/22/2022G Governor's Action Deadline 11:59 p.m., April 11, 2022
04/11/2022G Approved by Governor-Chapter 547 (effective 7/1/22)
04/11/2022G Acts of Assembly Chapter text (CHAP0547)

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