2024 Session

Budget Amendments - HB30 (Floor Approved)

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Commonwealth Health Reinsurance Prog. Premium Reduction Target (language only)

Item 479 #1h

Item 479 #1h

Independent Agencies
State Corporation Commission


Page 527, after line 30, insert:

"E. The State Corporation Commission shall set the payment parameters for the the Commonwealth Health Reinsurance Program at levels to achieve the premium reduction target of 15 percent for Plan Year 2025."


(This amendment adds language requiring the State Corporation Commission to set out the target amount of the premium reduction percentage for the Commonwealth Health Reinsurance Program Plan Year 2025 at 15 percent, pursuant to the provisions in House Bill 591, 2024 Regular Session.)