Financing for the Exchange Passes State House

Exchange Logo cropped

HB 1947, better known as the legislative proposal for financing the Washington Health Benefit Exchange, passed the House of Representatives yesterday 69-29.

The bill is similar to funding recommendation option “B” presented by the Washington Health Benefit Exchange Board to the State Legislature in December. Operational costs of the Exchange will be financed through the collection of insurance premium taxes on plans offered through the Exchange and premiums for managed care plans participating in the Medicaid expansion. In the event those collections are insufficient to cover operational costs approved by the Legislature, the Exchange may then impose quarterly assessments on health and dental plans sold through the Exchange.

HB 1947 Roll Call:

Voting Yea: Representatives Alexander, Appleton, Bergquist, Blake, Carlyle, Clibborn, Cody, Dahlquist, Dunshee, Fagan, Farrell, Fey, Fitzgibbon, Freeman, Goodman, Green, Habib, Haigh, Hansen, Harris, Hayes, Hope, Hudgins, Hunt, Hunter, Hurst, Jinkins, Kagi, Kirby, Klippert, Kochmar, Liias, Lytton, Magendanz, Maxwell, McCoy, Moeller, Morrell, Morris, Moscoso, O’Ban, Ormsby, Orwall, Pedersen, Pettigrew, Pollet, Reykdal, Riccelli, Roberts, Rodne, Ryu, Santos, Sawyer, Schmick, Seaquist, Sells, Smith, Springer, Stanford, Stonier, Sullivan, Takko, Tarleton, Tharinger, Upthegrove, Van De Wege, Wilcox, Wylie, and Mr. Speaker.

Voting Nay: Representatives Angel, Buys, Chandler, Condotta, Crouse, DeBolt, Haler, Hargrove, Hawkins, Holy, Johnson, Kretz, Kristiansen, MacEwen, Manweller, Nealey, Orcutt, Overstreet, Parker, Pike, Ross, Scott, Shea, Short, Taylor, Vick, Walsh, Warnick, and Zeiger.