Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Auditor and state auditor’s office back statutory appropriation change for Montana Reinsurance Program
Summary
House Bill 281 would make the state’s reinsurance match a statutory appropriation to allow timely payments to carriers and more flexibility to use special‑revenue funds; committee hearing focused on fiscal note uncertainties tied to a 1.2% state assessment and federal grant carryover.
Representative Ken Walsh opened the Senate Finance and Claims hearing on House Bill 281, describing the bill as a technical change to allow the Montana Reinsurance Program to operate more efficiently by making the state special‑revenue matching portion a statutory appropriation.
Walsh said the reinsurance program, created after the federal waiver enacted in 2019, reimburses certain high‑cost claims in the individual health insurance market and has directly reduced premiums by about 9–10 percent. "Making this change to statutory…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
