Budget Amendment ID: FY2018-S3-459

EHS 459

Contingency Plan for Cost Sharing Reduction Payments

Ms. Chandler, Messrs. Lewis, Moore, Welch and O'Connor moved that the proposed new text be amended by inserting after section 114, the following section:-

"SECTION 115. The division of insurance and the commonwealth health insurance connector authority shall jointly establish a contingency plan to provide a pathway to minimize market disruption should the federal department of health and human services or the federal department of the treasury cease cost sharing reduction payments to eligible health insurance carriers as required under sections 1402 and 1412 of the federal Patient Protection and Affordable Care Act. The contingency plan shall include a description of intended steps the division and connecter may take to mitigate costs for both members and health insurance carriers. The contingency plan shall be made publicly available on both the division and connector’s websites and filed with the clerks of the senate and house of representatives; the chairs of the joint committee on health care financing and the house and senate chairs of the ways and means committee not later than September 1, 2017."