State reinsurance program gets reboot
Last month, Kreidler's office proposed legislation -- sponsored by Sen.
The reinsurance program would be capped at
"By being that broad, we lowered the individual assessment way down to like
But the proposed funding mechanism led to problems. Those with third-party administrators -- including large corporations such as
The proposal now excludes third-party administrators, making the monthly assessment to health plans about
That charge could come down further if the state opted to kick in general fund dollars or if the state receives a federal waiver for the program. The state is preparing to apply for about
But, the longer the bill takes to gain approval, the less time the state has to submit its waiver application, secure funding and notify health insurers before they begin submitting 2019 plan rates in May, Kreidler said.
"We're still operating under the assumption that we can do a federal waiver at this point," he said. "We're still optimistic that it can get pulled together."
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