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HB327 • 2026

Commonwealth Health Reinsurance Program; extension of program, percentage goal to decrease premium.

An Act to amend and reenact § 38.2-6604 of the Code of Virginia, relating to Commonwealth Health Reinsurance Program; extension of program; percentage goal to decrease premiums.

Enacted

This bill passed the Legislature and reached final enactment based on the latest official action.

Sponsor
Sullivan
Last action
2026-04-13
Official status
Acts of Assembly Chapter
Effective date
Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

Commonwealth Health Reinsurance Program; extension of program, percentage goal to decrease premium.

Commonwealth Health Reinsurance Program; extension of program; percentage goal to decrease premium.

What This Bill Does

  • 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.

Limits and Unknowns

  • This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Amendments

These notes stay tied to the official amendment files and metadata from the legislature.

HB327AHC1

2026-01-27

Labor and Commerce Amendment

Plain English: OFFERED FOR CONSIDERATION 1/27/2026 HB 327 SUBCOMMITTEE 1.

  • OFFERED FOR CONSIDERATION 1/27/2026 HB 327 SUBCOMMITTEE 1.
  • Line 15, introduced, after 38.2-6606 insert and any subsequent approved waiver extensions SUBCOMMITTEE 2.
  • Line 24, introduced, after Waiver insert or waiver extension
HB327AHC2

2026-01-28 • Committee

Subcommittee #1 Subcommittee Amendment

Plain English: 1/28/2026 HB 327 SUBCOMMITTEE 1.

  • 1/28/2026 HB 327 SUBCOMMITTEE 1.
  • Line 15, introduced, after 38.2-6606 insert and any subsequent approved waiver extensions SUBCOMMITTEE 2.
  • Line 24, introduced, after Waiver insert or waiver extension
HB327AH1

2026-01-29 • Committee

Labor and Commerce Amendment

Plain English: 1/29/2026 HB 327 LABOR AND COMMERCE 1.

  • 1/29/2026 HB 327 LABOR AND COMMERCE 1.
  • Line 15, introduced, after 38.2-6606 insert and any subsequent approved waiver extensions LABOR AND COMMERCE 2.
  • Line 24, introduced, after Waiver insert or waiver extension

Bill History

  1. 2026-04-13 Governor

    Approved by Governor-Chapter 793 (effective 7/1/2026)

  2. 2026-04-13 Governor

    Acts of Assembly Chapter text (CHAP0793)

  3. 2026-04-13 Governor

    Acts of Assembly Chapter text (CHAP0793)

  4. 2026-03-10 House

    Enrolled Bill communicated to Governor on March 10, 2026

  5. 2026-03-10 Governor

    Governor's Action Deadline 11:59 p.m., April 13, 2026

  6. 2026-03-05 House

    Fiscal Impact Statement from State Corporation Commission (HB327)

  7. 2026-03-03 House

    Signed by Speaker

  8. 2026-03-03 Senate

    Signed by President

  9. 2026-03-03 House

    Enrolled

  10. 2026-03-03 House

    Bill text as passed House and Senate (HB327ER)

  11. 2026-03-02 House

    Fiscal Impact Statement from State Corporation Commission (HB327)

  12. 2026-02-26 Senate

    Read third time

  13. 2026-02-26 Senate

    Passed Senate Block Vote (40-Y 0-N 0-A)

  14. 2026-02-25 Senate

    Rules suspended

  15. 2026-02-25 Senate

    Passed by for the day

  16. 2026-02-25 Senate

    Constitutional reading dispensed Block Vote (on 2nd reading) (40-Y 0-N 0-A)

  17. 2026-02-25 Senate

    Passed by for the day Block Vote (Voice Vote)

  18. 2026-02-23 Commerce and Labor

    Reported from Commerce and Labor (15-Y 0-N)

  19. 2026-02-05 Senate

    Constitutional reading dispensed (on 1st reading)

  20. 2026-02-05 Commerce and Labor

    Referred to Committee on Commerce and Labor

  21. 2026-02-04 House

    Read third time and passed House Block Vote (97-Y 1-N 0-A)

  22. 2026-02-04 House

    Reconsideration of passage agreed to by House

  23. 2026-02-04 House

    Passed House Block Vote (98-Y 0-N 0-A)

  24. 2026-02-03 House

    Read second time

  25. 2026-02-03 House

    committee amendments agreed to

  26. 2026-02-03 House

    Engrossed by House as amended

  27. 2026-02-02 House

    Read first time

  28. 2026-02-01 Labor and Commerce

    Fiscal Impact Statement from State Corporation Commission (HB327)

  29. 2026-01-29 Labor and Commerce

    Reported from Labor and Commerce with amendment(s) (22-Y 0-N)

  30. 2026-01-27 Subcommittee #1

    Subcommittee recommends reporting with amendment(s) (9-Y 0-N)

  31. 2026-01-27 Subcommittee #1

    House subcommittee offered

  32. 2026-01-19 Subcommittee #1

    Assigned HCL sub: Subcommittee #1

  33. 2026-01-11 House

    Prefiled and ordered printed; Offered 01-14-2026 26102839D

  34. 2026-01-11 Labor and Commerce

    Referred to Committee on Labor and Commerce

Official Summary Text

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. As introduced, this bill was a recommendation of the Health Insurance Reform Commission.

Current Bill Text

Read the full stored bill text 
An Act to amend and reenact §
38.2-6604
of the Code of Virginia, relating to Commonwealth Health Reinsurance Program; extension of program; percentage goal to decrease premiums.
Be it enacted by the General Assembly of Virginia:
1. That §
38.2-6604
of the Code of Virginia is amended and reenacted as follows:
§
38.2-6604
. Commonwealth Health Reinsurance Program Special Fund.
A. The Commission shall be authorized to fund the operations of the Program and to fund other purposes to implement the approved State Innovation Waiver through funds provided to the Commonwealth pursuant to the State Innovation Waiver requested pursuant to §
38.2-6606

and any subsequent approved waiver extensions
and all funds appropriated for such purpose. All funds received under this section and paid into the state treasury shall be deposited to a special fund designated the "Commonwealth Health Reinsurance Program Special Fund State Corporation Commission." Interest earned on moneys in the Fund shall remain in the Fund and be credited to it. Any moneys remaining in the Fund, including interest thereon, at the end of each fiscal year shall not revert to the general fund but shall remain in the Fund. Moneys in the Fund shall be used for (i) the purposes of increasing affordability in the individual market through the Program with a goal of decreasing premiums
by up to 20 percent
, depending on available revenue
,
and (ii) the establishment, operation, and administration of the Program in carrying out the purposes authorized under this chapter, to include additional purposes to implement an approved State Innovation Waiver
or waiver extension


with funds that remain following the payment of all applicable reinsurance requests for a benefit year.
B. The Commission shall not use any special fund revenues dedicated to its other functions and duties, including revenues from utility consumer taxes or fees from licensees regulated by the Commission, or fees paid to the office of the Clerk of the Commission, to fund any of the activities or operating expenses of the Program. The Commission shall not pay any funds beyond the moneys in the Fund for the establishment, administration, or operation of the Program.
C. The provision of reinsurance payments shall not constitute an entitlement derived from the Commonwealth or a claim on any other money of the Commonwealth.
D. The Commission shall have no responsibility to make reinsurance payments that would be payable out of federal pass-through funding if such federal pass-through funding is insufficient to fully make such payments.
2. That the State Corporation Commission (the Commission) shall apply to the appropriate federal agencies under § 1332 of the federal Patient Protection and Affordable Care Act, 42 U.S.C. § 18052, for a five-year extension of the existing State Innovation Waiver, as defined in §
38.2-6600
of the Code of Virginia, authorizing the Commonwealth to implement a reinsurance program. The Commission shall implement any extension of such reinsurance program in a manner consistent with the provisions of Chapter 66 (§
38.2-6600
et seq.) of Title 38.2 of the Code of Virginia, as amended by this act.