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