US Congress Senate Bill 1868 (Prior Session Legislation)

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Spectrum: Slight Partisan Bill (Republican 2-1)
Status: Introduced on June 13 2019 - 25% progression, died in committee
Action: 2019-06-13 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

Provides funding for grants for states to establish invisible high-risk pool and reinsurance programs through applications for state innovation waivers from certain health insurance coverage requirements.A reinsurance program generally permits health insurance issuers to transfer a portion of the cost of the coverage for enrollees with large claims to the state, thus facilitating the enrollment of higher-risk individuals, including those with preexisting conditions. Similarly, an invisible high-risk pool generally identifies and enrolls higher-risk individuals and the state program pays a percentage of any insurance claims of such enrollees that exceed a predetermined amount. In states that do not establish such programs, the Department of Health and Human Services (HHS) must make market stabilization payments to health insurance issuers. The bill further directs HHS to expedite the review of state innovation waiver applications that include a high-risk pool or reinsurance program. States may model a waiver application on the application of a state that has an approved waiver for such a program.

Premium Reduction Act of 2019

Sen. Susan Collins [R-ME]

Sen. Joe Manchin [D-WV]

Sen. Josh Hawley [R-MO]

Date	Chamber	Action
2019-06-13	Senate	Read twice and referred to the Committee on Finance.

Type	Source
Summary	https://www.congress.gov/bill/116th-congress/senate-bill/1868/all-info
Text	https://www.congress.gov/116/bills/s1868/BILLS-116s1868is.pdf