Creating a reinsurance institute to bring together state officials who are working to expand coverage to the uninsured
States hold multiple roles in assuring health coverage for their residents. In addition to the direct provision of coverage through programs such as Medicaid, states can also influence coverage through their insurance regulatory authorities. Establishing a reinsurance function (a mechanism to cap risk and thereby lower health insurance premiums) is a recent innovation that some states are considering. This grant supports the Foundation's State Coverage Initiatives program to host a reinsurance institute to provide a set of resources to states which are considering reinsurance initiatives. The institute will bring 10-15 invited states together to work on development and design of reinsurance strategies. Modeling will then be provided for three to four selected states that have both the feasibility and political momentum to pass a reinsurance-based coverage expansion in the next two years. The project deliverables include a report that will detail the state-specific modeling and the lessons learned during the course of the institute. The goal of the report will be to assist states that may be considering a similar coverage strategy in the future.
Amount Awarded $700,000.00
Awarded on: 7/13/2006
Time frame: 8/1/2006 - 12/31/2007
Grant Number: 57671