On October 19, 2017, the state of Oregon received approval from the Federal Government to implement its 1332 waiver application. While further work is needed, the approval opens the door for potentially millions of dollars to help Oregon’s market at no additional cost to the federal government.
1332 state innovation waivers allow states to “waive” ACA regulations and gives them flexibility and autonomy to try new approaches. States must show that they can more effectively accomplish the ACA’s coverage and affordability goals. In the case of Oregon, Wakely provided the actuarial analysis that surrounded Oregon’s reinsurance program. By providing in-depth analysis, Wakely was able to provide the information needed for state and federal officials to understand the effects of Oregon’s proposed reinsurance program. You can read the report here.
For more information on healthcare reform, state waivers and other Wakely expertise, visit Wakely.com or call Julie Peper at 720.226.9814.