An Act establishing the Public Option Program and the Public Option Program Fund; and imposing duties on the Insurance Department.

HB 1863 would create a new public health insurance plan, called the Public Option, available to state residents as an alternative to private insurance. It establishes a dedicated Public Option Program Fund to support the plan and requires the Insurance Department to administer the program, including setting up enrollment and oversight. Health insurers would be obligated to participate in the Public Option Program. This bill directly affects residents seeking health coverage and insurers operating in the state.