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. Read the Bill »

Status

01/11/2022: Awaiting a Vote in the Commerce and Labor Committee

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)

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