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Key Votes

SB 5261 - Health Insurance Rate Oversight - Key Vote

Washington Key Votes

Larry Seaquist voted Yea (Passage With Amendment) on this Legislation.

Read statements Larry Seaquist made in this general time period.

Stages

Family

Issues

Stage Details

Legislation - Signed (Executive) -

Title: Health Insurance Rate Oversight

Legislation - Concurrence Vote Passed (Senate) (29-17) -
Legislation - Bill Passed With Amendment (House) (68-26) - (Key vote)

Title: Health Insurance Rate Oversight

Vote Smart's Synopsis:

Vote to pass a bill that allows the Insurance Commissioner to review and disapprove rate increases for individual health insurance plans.

Highlights:
-Requires insurance plan rates effective after July 1, 2008 to be filed with the Insurance Commissioner sixty days before changes to individual health benefit plans go into effect (Secs. 1-3). -Provides that the Insurance Commissioner's authority to disapprove rate changes expires January 1, 2012 (Sec. 7). -Requires the office of the Insurance Commissioner to study the feasibility of entering into a multistate health insurance plan compact and report recommendations to the legislature by December 1, 2008 (Sec. 8). -Requires insurance companies that decline a higher percentage of applicants to pay out a greater percentage for claims than companies that deny a smaller percentage of applicants by establishing a sliding-scale loss ratio requirement (Sec. 4). -Substitute offered by the Senate Health and Long-Term Care Committee.
Legislation - Bill Passed (Senate) (31-18) - (Key vote)

Title: Health Insurance Rate Oversight

Vote Smart's Synopsis:

Vote to pass a bill that allows the Insurance Commissioner to review and disapprove rate increases for individual health insurance plans.

Highlights:
- Requires a sixty day waiting period after rates are filed with the commissioner before changes to individual health benefit plans go into effect. If the Insurance Commissioner intends to challenge a rate increase, he or she must do so during this time period (sec. 1). - The insurance commissioner's ability to disapprove rate changes expires January 1 , 2012 (sec. 7). - Requires insurance companies that decline a higher percentage of applicants to pay out a greater percentage for claims than companies that deny a smaller percentage of applicants by establishing a sliding-scale loss ratio requirement (sec 4). - Substitute offered by the Senate Health and Long-Term Care Committee.
Note:

NOTE: THIS IS A SUBSTITUTE BILL, MEANING THE LANGUAGE OF THE ORIGINAL BILL HAS BEEN REPLACED. THE DEGREE TO WHICH THE SUBSTITUTE BILL TEXT DIFFERS FROM THE PREVIOUS VERSION OF THE TEXT CAN VARY GREATLY.

Legislation - Introduced (Senate) - (Key vote)

Title: Health Insurance Rate Oversight

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