Legislature(2015 - 2016)
2016-03-25 House JournalFull Journal pdf
2016-03-25 House Journal Page 1941 HB 374 HOUSE BILL NO. 374 by the House Rules Committee by request of the Governor, entitled: "An Act relating to a reinsurance program for residents who are high risks and insurer assessments to cover the costs of the reinsurance program; relating to application for state innovation waivers for health care insurance; relating to definitions of 'residents who are high risks' and 'covered lives'; and providing for an effective date." was read the first time and referred to the Labor & Commerce Committee. The following fiscal note(s) apply: 1. Zero, Dept. of Commerce, Community, & Economic Development The Governor's transmittal letter dated March 24, 2016, follows: "Dear Speaker Chenault: Under the authority of Article III, Section 18 of the Alaska Constitution, I am transmitting a bill relating to residents who are high risk and to the state health insurance plan. 2016-03-25 House Journal Page 1942 The bill would make changes to the Alaska Insurance Code (code) for assessments made under a reinsurance program established to reinsure "residents who are high risks." As the code is currently written, a member of the reinsurance program may offset 50 percent of the amount of the assessment made under the reinsurance program (and other state health insurance programs) as a premium tax credit. The bill would remove the assessments made in relation to the high risk reinsurance program from the offset provision. The bill also would amend the definition of "residents who are high risks." These changes are intended to provide a mechanism to help insurers spread the risk of high-cost claims in the individual health insurance market. The bill also would authorize legislation to allow the State to seek a waiver of certain requirements under the Affordable Care Act in order to implement innovations with respect to the provision of health insurance coverage in the state. This would give the State the ability to restructure the approach to health insurance reform by waiving and proposing alternatives to applicable provisions of the Affordable Care Act. I urge your prompt and favorable action on this measure. Sincerely, /s/ Bill Walker Governor"