LCO No. 1175 1 of 2 General Assembly Proposed Bill No. 218 January Session, 2021 LCO No. 1175 Referred to Committee on INSURANCE AND REAL ESTATE Introduced by: SEN. KELLY, 21st Dist. AN ACT CONCERNING THE COST OF HEALTH CARE, PRESCRIPTION DRUG REIMPORTATION, STOP -LOSS INSURANCE AND REINSURANCE. Be it enacted by the Senate and House of Representatives in General Assembly convened: That the general statutes be amended to: (1) Require the Office of 1 Health Strategy to establish and implement health care cost growth 2 benchmarks in this state; (2) require the Commissioner of Consumer 3 Protection to submit a request to the federal Secretary of Health and 4 Human Services to implement a Canadian prescription drug 5 reimportation program in this state and, if the secretary approves such 6 request, implement such program in this state; (3) implement the 7 Insurance Commissioner's recommendations regarding stop-loss 8 insurance; and (4) require the Office of Health Strategy to seek a state 9 innovation waiver from the federal government to establish a 10 reinsurance program in this state and, if the federal government 11 approves such request, establish such program. 12 Proposed Bill No. 218 LCO No. 1175 2 of 2 Statement of Purpose: To: (1) Require the Office of Health Strategy to establish and implement health care cost growth benchmarks in this state; (2) require the Commissioner of Consumer Protection to submit a request to the federal Secretary of Health and Human Services to implement a Canadian prescription drug reimportation program in this state and, if the secretary approves such request, implement such program in this state; (3) implement the Insurance Commi ssioner's recommendations regarding stop-loss insurance; and (4) require the Office of Health Strategy to seek a state innovation waiver from the federal government to establish a reinsurance program in this state and, if the federal government approves such request, establish such program.