Virginia House Bill 583 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 8 2018 - 25% progression, died in chamber
Action: 2018-01-23 - Tabled in Commerce and Labor (21-Y 0-N)
Text: Latest bill text (Prefiled) [HTML]

Premium Security Plan. Creates the Premium Security Plan (the Plan), a state-based reinsurance program to stabilize premiums for individual health benefit plans sold on the exchange. The measure provides that moneys provided from general fund appropriations and federal funding provided by a state innovation waiver under §1332 of the Affordable Care Act would be used to partially reimburse insurers for high-cost claims by initially covering 80 percent of an enrolled individual's annual claims costs between $50,000 and $250,000. The Plan will be overseen by the Virginia Health Reinsurance Association, created by this measure. An enactment clause provides that the measure, other than the requirement that the Commissioner of Insurance apply for the state innovation waiver, will become effective 30 days after notice of approval of the waiver request.

Premium Security Plan; created, report.

Del. Robert Bloxom [R]

2018-01-23 - House - House: Tabled in Commerce and Labor (21-Y 0-N) (Y: 21 N: 0 NV: 1 Abs: 0) [PASS]

Date	Chamber	Action
2018-01-23	House	Tabled in Commerce and Labor (21-Y 0-N)
2018-01-08	House	Referred to Committee on Commerce and Labor
2018-01-08	House	Prefiled and ordered printed; offered 01/10/18 18102939D

Chapter	Article	Section	Citation Type	Statute Text
2	2	3705.5	(n/a)	See Bill Text
38	2	3461	(n/a)	See Bill Text
38	2	3473	(n/a)	See Bill Text
38	2	4214	(n/a)	See Bill Text
38	2	4319	(n/a)	See Bill Text

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?181+sum+HB583
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?181+ful+HB583+hil
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?181+vot+H14V0017+HB0583