CSHB 374(L&C): "An Act relating to funding for a reinsurance program; relating to an application for a waiver for state innovation for health care insurance; and providing for an effective date."
00 CS FOR HOUSE BILL NO. 374(L&C) 01 "An Act relating to funding for a reinsurance program; relating to an application for a 02 waiver for state innovation for health care insurance; and providing for an effective 03 date." 04 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: 05 * Section 1. AS 21.55 is amended by adding a new section to read: 06 Sec. 21.55.430. Funding for a reinsurance program. If the amount of 07 revenue collected under AS 21.09.210 in the preceding fiscal year exceeds the 08 operating expenses of the division of insurance for the preceding fiscal year, the 09 legislature may appropriate the excess revenue to the division of insurance to be used 10 to fund the reinsurance program under this chapter. 11 * Sec. 2. AS 21.96 is amended by adding a new section to read: 12 Sec. 21.96.120. Waiver for state innovation. The director may apply to the 13 United States Secretary of Health and Human Services under 42 U.S.C. 18052 for a 14 waiver of applicable provisions of P.L. 111-148 (Patient Protection and Affordable
01 Care Act) with respect to health insurance coverage in the state for a plan year 02 beginning on or after January 1, 2017. The director may implement a state plan 03 meeting the waiver requirements in a manner consistent with state and federal law and 04 as approved by the United States Secretary of Health and Human Services. 05 * Sec. 3. This Act takes effect immediately under AS 01.10.070(c).