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GA Adjustment
State Corporation Commission (171)
Request Title State Share of Reinsurance Program
Biennium 2022-2024
Budget Round Initial Bill
Half Sheet Number 493 #1c
Description

This amendment provides $20.0 million to fund the state share of the Commonwealth Health Reinsurance Program, created in the 2021 Special Session I, for the purpose of increasing affordability in the individual market with a goal of decreasing premiums by up to 20 percent, depending on available revenue. The federal government is expected to contribute over $200 million to the program. Federal approval of the program occurred on May 17, 2022.

Funding Details
By Program Program Code Program Title FY 2022 FY 2023
  408 Plan Management $0 $20,000,000
By Fund Fund Code Fund Title FY 2022 FY 2023
  01000 General Fund $0 $20,000,000
Authorized Position Details
By Program Program Code Program Title FY 2022 FY 2023


p3_opview - Official Enacted Budget View Operating Bullet Details - 07-18-2025 14:59:07