State Innovation Waiver Reinsurance Program
| Type | Bill |
|---|---|
| Session | 2018 Regular Session |
| Subjects |
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 making the program contingent upon waiver or funding approval, and making an appropriation.
Bill Summary:
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. The division of insurance is to include an update regarding the program in its annual SMART Act report, and the program is subject to sunset review and repeal in 5 years.
(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)
Prime Sponsors
Representative
Chris Kennedy
Representative
Bob Rankin
Senator
Don Coram
Senator
Kerry Donovan
Committees
Related Documents & Information
| Date | Version | Documents |
|---|---|---|
| 04/27/2018 | SA1 |
| Activity | Vote | Documents |
|---|---|---|
| Refer House Bill 18-1392 to the Committee on Finance. | The motion failed on a vote of 2-3. | Vote summary |
| Postpone House Bill 18-1392 indefinitely. | The motion passed on a vote of 3-2. | Vote summary |
| Activity | Vote | Documents |
|---|---|---|
| Adopt amendment J.001 | The motion passed on a vote of 9-4. | Vote summary |
| Refer House Bill 18-1392, as amended, to the Committee of the Whole. | The motion passed on a vote of 10-3. | Vote summary |
| Activity | Vote | Documents |
|---|---|---|
| Adopt amendment L.004 [Attachment E]. | The motion passed without objection. | Vote summary |
| Adopt amendment L.005 [Attachment F]. | The motion passed without objection. | Vote summary |
| Refer House Bill 18-1392, as amended, to the Committee on Appropriations. | The motion passed on a vote of 7-5. | Vote summary |
| Activity | Vote | Documents |
|---|---|---|
| Adopt amendment L.002 [Attachment A]. | The motion passed without objection. | Vote summary |
| Adopt amendment L.003 [Attachment B]. | The motion passed without objection. | Vote summary |
| Refer House Bill 18-1392, as amended, to the Committee on Finance. | The motion passed on a vote of 9-3. | Vote summary |
| Date | Calendar | Motion | Vote | Vote Document |
|---|---|---|---|---|
| 04/30/2018 | Third Reading | BILL |
40
AYE
23
NO
2
OTHER
|
Vote record |
| Date | Location | Action |
|---|---|---|
| 05/04/2018 | Senate | Senate Committee on State, Veterans, & Military Affairs Postpone Indefinitely |
| 04/30/2018 | Senate | Introduced In Senate - Assigned to State, Veterans, & Military Affairs |
| 04/30/2018 | House | House Third Reading Passed - No Amendments |
| 04/27/2018 | House | House Second Reading Special Order - Passed with Amendments - Committee, Floor |
| 04/27/2018 | House | House Committee on Appropriations Refer Amended to House Committee of the Whole |
| 04/23/2018 | House | House Committee on Finance Refer Amended to Appropriations |
| 04/19/2018 | House | House Committee on Health, Insurance, & Environment Refer Amended to Finance |
| 04/13/2018 | House | Introduced In House - Assigned to Health, Insurance, & Environment |
Prime Sponsor
Sponsor
Co-Sponsor