Bill
Bill > HB327
VA HB327
VA HB327Commonwealth Health Reinsurance Program; extension of program, percentage goal to decrease premium.
summary
Introduced
01/11/2026
01/11/2026
In Committee
02/05/2026
02/05/2026
Crossed Over
02/04/2026
02/04/2026
Passed
Dead
Introduced Session
Potential new amendment
2026 Regular Regular Session
Bill Summary
Commonwealth Health Reinsurance Program; extension of program; percentage goal to decrease premium. Directs the State Corporation Commission to apply to the appropriate federal agencies under the federal Patient Protection and Affordable Care Act for an extension of the existing State Innovation Waiver authorizing the Commonwealth to implement a reinsurance program. The existing State Innovation Waiver is set to expire on January 1, 2028. Additionally, the bill removes the 20 percent upper limit of the premium reduction goal under the Commonwealth Health Reinsurance Program. This bill is a recommendation of the Health Insurance Reform Commission.
AI Summary
This bill directs the State Corporation Commission to seek a five-year extension of the Commonwealth Health Reinsurance Program's existing State Innovation Waiver, which is a special permission under the federal Patient Protection and Affordable Care Act that allows Virginia to run its reinsurance program and is set to expire on January 1, 2028. Additionally, the bill removes the previous 20 percent upper limit on how much the program can aim to decrease health insurance premiums, allowing for potentially larger premium reductions depending on available funding. This initiative is a recommendation from the Health Insurance Reform Commission.
Committee Categories
Business and Industry
Sponsors (5)
Richard Sullivan (D)*,
Nadarius Clark (D),
Jackie Glass (D),
Michelle Lopes-Maldonado (D),
Irene Shin (D),
Last Action
Referred to Committee on Commerce and Labor (on 02/05/2026)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://lis.virginia.gov/bill-details/20261/HB327 |
| BillText | https://lis.virginia.gov/bill-details/20261/HB327/text/HB327E |
| Fiscal Note/Analysis - Fiscal Impact Statement from State Corporation Commission (HB327) | https://lis.blob.core.windows.net/files/1105425.PDF |
| Labor and Commerce Amendment | https://lis.virginia.gov/bill-details/20261/HB327/text/HB327AH1 |
| Subcommittee #1 Subcommittee Amendment | https://lis.virginia.gov/bill-details/20261/HB327/text/HB327AHC2 |
| Labor and Commerce Amendment | https://lis.virginia.gov/bill-details/20261/HB327/text/HB327AHC1 |
| BillText | https://lis.virginia.gov/bill-details/20261/HB327/text/HB327 |
Loading...