Regards health insurance premiums and benefits: Repeals outright suspended provisions that allowed health insurers to pass on the cost of reinsurance to certain high risk individuals; Codifies in state law the federal Patient Protection and Affordable Care Act’s (ACA’s) limitations on premium charges; Codifies in state law the ACA’s ban of annual and lifetime limits; Codifies in state law the ACA’s ban on preexisting condition exclusions; Codifies in state law the ACA’s provisions requiring health plans to offer certain essential health benefits; Codifies in state law the ACA’s cost sharing limitations; Codifies in state law the ACA’s requirement that a health plan provide benefits that are
actuarially equivalent to 60% of the full actuarial value of the benefits provided.