Senate Bill 1868
116th Congress(2019-2020)
Premium Reduction Act of 2019
Introduced
Introduced
Introduced in Senate on Jun 13, 2019
Overview
Text
Introduced
Jun 13, 2019
Latest Action
Jun 13, 2019
Origin Chamber
Senate
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
1868
Congress
116
Policy Area
Health
Health
Primary focus of measure is science or practice of the diagnosis, treatment, and prevention of disease; health services administration and funding, including such programs as Medicare and Medicaid; health personnel and medical education; drug use and safety; health care coverage and insurance; health facilities. Measures concerning controlled substances and drug trafficking may fall under Crime and Law Enforcement policy area.
Sponsorship by Party
Maine
Missouri
West Virginia
No Senate votes have been held for this bill.
Summary

Premium Reduction Act of 2019

This bill 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.

Text (1)
Actions (2)
06/13/2019
Read twice and referred to the Committee on Finance.
06/13/2019
Introduced in Senate
Public Record
Created
Jun 14, 2019 4:57:16 AM
Updated
Apr 27, 2021 3:56:16 PM