Introduced
by
To create a state health re-insurance system that would reimburse insurers for 90 percent of the cost of claims between $80,000 and $800,000. This would be paid for by assessing insurance companies for a portion of the total statewide cost of these reimbursements based on their market share. The bill would also restrict a health insurance company’s ability to cancel coverage (“rescission”) because of inadequate information given by the insured on the initial application. Instead the insurer would have a duty to “resolve all reasonable questions” before issuing the policy. Also, it would more explicitly prohibit an insurer from raising an individual’s rates because he or she gets sick. See also Senate Bill 1245.
Referred to the Committee on Health Policy
Reported without amendment
With the recommendation that the substitute (S-3) be adopted and that the bill then pass.
