VirginiaHB3272026 Regular SessionHouseWALLET

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

Sponsored By: Richard C. "Rip" Sullivan, Jr. (Democratic)

Signed by Governor

Summary

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.

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 0 benefits, 0 costs, 1 mixed.

New rules for Virginia insurance premium help

Virginia keeps its program aimed at lowering premiums for people buying their own health insurance. The law removes the former goal of lowering premiums by up to 20%; no savings are guaranteed. The State Corporation Commission must seek a five-year federal waiver extension and follow state program rules when implementing an approved extension. Federal approval is not guaranteed. A dedicated fund holds federal waiver money and state money set aside for the program, keeping interest and year-end balances. It pays for premium support and program operations; money left after all applicable reinsurance payments can support other approved waiver purposes. The Commission cannot spend beyond this fund or use funds dedicated to its other duties. Reinsurance payments are not guaranteed, and the Commission need not make payments when federal funding is insufficient.

Sponsors & Cosponsors

Sponsor

  • Richard C. "Rip" Sullivan, Jr.

    Democratic • House

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 321 • No: 1

Senate vote • 2/26/2026

Passed Senate Block Vote

Yes: 40 • No: 0

Senate vote • 2/25/2026

Constitutional reading dispensed Block Vote (on 2nd reading)

Yes: 40 • No: 0

Senate vote • 2/25/2026

Passed by for the day Block Vote (Voice Vote)

Yes: 0 • No: 0

Senate vote • 2/23/2026

Reported from Commerce and Labor

Yes: 15 • No: 0

House vote • 2/4/2026

Read third time and passed House Block Vote

Yes: 97 • No: 1

House vote • 2/4/2026

Passed House Block Vote

Yes: 98 • No: 0

House vote • 1/29/2026

Reported from Labor and Commerce with amendment(s)

Yes: 22 • No: 0

House vote • 1/27/2026

Subcommittee recommends reporting with amendment(s)

Yes: 9 • No: 0

Actions Timeline

  1. Acts of Assembly Chapter text (CHAP0793)

    4/13/2026Governor
  2. Approved by Governor-Chapter 793 (effective 7/1/2026)

    4/13/2026Governor
  3. Governor's Action Deadline 11:59 p.m., April 13, 2026

    3/10/2026Governor
  4. Enrolled Bill communicated to Governor on March 10, 2026

    3/10/2026House
  5. Fiscal Impact Statement from State Corporation Commission (HB327)

    3/5/2026House
  6. Bill text as passed House and Senate (HB327ER)

    3/3/2026House
  7. Enrolled

    3/3/2026House
  8. Signed by President

    3/3/2026Senate
  9. Signed by Speaker

    3/3/2026House
  10. Fiscal Impact Statement from State Corporation Commission (HB327)

    3/2/2026House
  11. Passed Senate Block Vote (40-Y 0-N 0-A)

    2/26/2026Senate
  12. Read third time

    2/26/2026Senate
  13. Passed by for the day Block Vote (Voice Vote)

    2/25/2026Senate
  14. Constitutional reading dispensed Block Vote (on 2nd reading) (40-Y 0-N 0-A)

    2/25/2026Senate
  15. Rules suspended

    2/25/2026Senate
  16. Reported from Commerce and Labor (15-Y 0-N)

    2/23/2026Senate
  17. Referred to Committee on Commerce and Labor

    2/5/2026Senate
  18. Constitutional reading dispensed (on 1st reading)

    2/5/2026Senate
  19. Passed House Block Vote (98-Y 0-N 0-A)

    2/4/2026House
  20. Reconsideration of passage agreed to by House

    2/4/2026House
  21. Read third time and passed House Block Vote (97-Y 1-N 0-A)

    2/4/2026House
  22. Engrossed by House as amended

    2/3/2026House
  23. committee amendments agreed to

    2/3/2026House
  24. Read second time

    2/3/2026House
  25. Read first time

    2/2/2026House

Bill Text

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