This bill creates the “Missouri Premium Security Plan” which is a state based reinsurance program administered by the Director of Commerce and Insurance with assistance from the Department of Health and Senior Services. The reinsurance program is created to stabilize and reduce premium rates in the individual health insurance market and to increase participation. Eligible health carriers must calculate the premium amount they would have charged for the benefit year if the Missouri premium security plan had not been established. Health carriers will apply for reinsurance payments to offset premiums charged for individual health [...]