7(1) Reinsurance program for catastrophic health care costs legislation.
the 2005-06 legislative session, the legislature shall introduce and pass a bill that 9
creates an authority that is directed to examine various reinsurance program 10
structures, to determine the model that is most suitable and advantageous for 11
participants in this state, and to establish a statewide reinsurance program for 12
businesses and individuals for covering catastrophic health care costs. The 13
reinsurance program established by the authority shall be funded by fees paid by
participants and shall be designed to cover at least 90 percent of the health care cost 2
incurred by a participant that exceeds a specified level per claim. The level set per 3
claim may vary, depending on whether the participant is an individual or a business 4
and on the size of a business.".