Relative to regulation of the individual health insurance market under RSA 404-G.
Impact
This legislation is poised to positively impact the regulatory landscape for individual health insurance in New Hampshire. By allowing the creation of a nonprofit organization—specifically the New Hampshire Individual Health Plan Benefit Association—HB613 aims to improve the administration and coordination of health insurance plans designed for individuals. The association will be tasked with overseeing assessments to fund its programs, which is expected to enhance the overall efficiency and accessibility of the insurance market, particularly for high-risk individuals who might otherwise face barriers to obtaining coverage.
Summary
House Bill 613 (HB613) introduces significant amendments to the regulation of the individual health insurance market under RSA 404-G. The bill aims to provide better protection for citizens participating in this market by implementing various measures to promote market stability and support affordability and accessibility of health insurance. A key aspect of HB613 is the establishment of a nonprofit association that will facilitate the management of health plans and the implementation of risk-sharing mechanisms, ensuring that individuals, especially those at higher health risks, can obtain affordable health insurance coverage.
Sentiment
The general sentiment surrounding HB613 appears to be supportive, particularly among those advocating for better health coverage options. Proponents assert that the bill addresses critical gaps in the insurance market and supports the state's existing healthcare programs—such as the New Hampshire Granite Advantage Health Care Program. However, some concerns may exist regarding the operational effectiveness of the proposed association and its true ability to improve affordability without straining resources.
Contention
Notably, some contention may arise over the bill's reliance on the implementation of risk-sharing plans and potential assessments levied on health insurers. Questions regarding the adequacy of funding for programs designed to support high-risk individuals may surface during discussions around the bill's execution. Additionally, the potential for increased regulatory scrutiny and cuts to existing programs due to newfound administrative responsibilities remains a point of concern among stakeholders, making engagement from diverse interest groups vital.
Extending the New Hampshire granite advantage health care program and reestablishing the commission to evaluate the effectiveness and future of the New Hampshire granite advantage health care program.
Extending the New Hampshire granite advantage health care program and reestablishing the commission to evaluate the effectiveness and future of the New Hampshire granite advantage health care program.
An Act to Remove the Requirement That Individual and Small Group Health Plans Be Offered Through a Pooled Market and to Eliminate the Provision of Law Establishing a Pooled Market for Those Plans