State seeks health insurance waiver, could cut premiums next year
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In a move to hold down health insurance premiums for individuals, New Hampshire is joining the list of states seeking federal funds to establish a “reinsurance” program, something that the state wanted to do in 2017 before it became embroiled in the debate over Medicaid expansion.
Gov. Chris Sununu’s office announced Friday that the New Hampshire Insurance Department will file what is known as a Section 1332 waiver, as required by the state budget trailer passed in September. The waiver, if approved, would allow New Hampshire to receive federal “pass through” funding, roughly the equivalent of what the program would save the federal government in subsidy payments to New Hampshire.