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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.
Introduced
Jan 11, 2026
Last Action
Mar 10, 2026
Session
VA 2026
Sponsors
1 primary · 4 co
Governor's Action Deadline 11:59 p.m., April 13, 2026
Enrolled Bill communicated to Governor on March 10, 2026
Fiscal Impact Statement from State Corporation Commission (HB327)
Bill text as passed House and Senate (HB327ER)
Enrolled
Signed by President
Signed by Speaker
Fiscal Impact Statement from State Corporation Commission (HB327)
Passed Senate (40-Y 0-N 0-A)
Read third time
Passed by for the day Block Vote (Voice Vote)
Constitutional reading dispensed Block Vote (on 2nd reading) (40-Y 0-N 0-A)
Rules suspended
Reported from Commerce and Labor (15-Y 0-N)
Referred to Committee on Commerce and Labor
Constitutional reading dispensed (on 1st reading)
Read third time and passed House (97-Y 1-N 0-A)
Passed House (98-Y 0-N 0-A)
Reconsideration of passage agreed to by House
Engrossed by House as amended
committee amendments agreed to
Read second time
Read first time
Fiscal Impact Statement from State Corporation Commission (HB327)
Reported from Labor and Commerce with amendment(s) (22-Y 0-N)
House subcommittee offered
Subcommittee recommends reporting with amendment(s) (9-Y 0-N)
Assigned HCL sub: Subcommittee #1
Referred to Committee on Labor and Commerce
Prefiled and ordered printed; Offered 01-14-2026 26102839D
Get a plain-English explanation of what this bill does, who it affects, and why it matters.
Governor's Action Deadline 11:59 p.m., April 13, 2026
Richard C. "Rip" Sullivan, Jr.