Section 204-G. Application for State Reinsurance Program.
(a) Application.--Notwithstanding the provisions of 40 Pa.C.S. § 9501(a) (relating to application), the department shall, no later than 180 days after the effective date of this subsection, apply to the United States Secretary of Health and Human Services under section 1332 of the Affordable Care Act for a state innovation waiver to:
(1) waive the applicable provisions of the Affordable Care Act with respect to health insurance coverage in this Commonwealth;
(2) establish a reinsurance program in accordance with an approved waiver; and
(3) maximize Federal funding for the reinsurance program for plan years beginning on or after implementation of the reinsurance program.
(b) (Reserved).
(204-G added July 11, 2024, P.L.550, No.54)