South Dakota is creating a new Medical Reinsurance Program within the Division of Insurance to help stabilize individual health insurance markets by sharing the cost of very expensive medical claims. The program will assess health insurers based on their premium earnings and use those funds to reimburse insurers for high-cost claims that exceed certain thresholds, which should help keep individual health insurance premiums more stable and affordable.
This bill does not directly amend codified state law.
Commerce and Energy Deferred to the 41st legislative day Passed, YEAS 11, NAYS 1.
Commerce and Energy Motion to amend Passed, YEAS 12, NAYS 0.
Commerce and Energy Scheduled for hearing
Commerce and Energy Deferred to another day
Commerce and Energy Scheduled for hearing
Commerce and Energy Scheduled for hearing
House of Representatives Referred to House Commerce and Energy H.J. 178
First Reading House H.J. 148
Reynold Nesiba
Prime sponsor · Sen.
D
Ryan Cwach
Prime sponsor · Rep.
D
Cosponsors
Commerce and Energy — Motion to amend
Commerce and Energy — Deferred to the 41st legislative day