HB18-1392 - State Innovation Waiver Reinsurance Program

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 and making the program contingent upon waiver or funding approval.

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.

(Note: This summary applies to this bill as introduced.)

Latest update: April 19, 2018
04/19/2018 - House Committee on Health, Insurance, & Environment Refer Amended to Finance
04/13/2018 - Introduced In House - Assigned to Health, Insurance, & Environment