Employer assessment and premium charges set to finance health insurance exchange

The state Senate voted Monday to place a charge on health insurance premiums and extend an employer assessment to pay for the operation of the state’s new health insurance marketplace, called Vermont Health Connect.

Senate bill 152, which began this legislative session as a streamlining of the state’s health insurance rate review process, has become the vehicle for financing the operation of the insurance exchange. The language that the House tacked onto S.152 — concerning a new health care advocate’s office, the rate review process and a prior authorization pilot project — was removed from the bill and rolled into House bill 107.

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