                                 CODE OF VIRGINIA

COMMISSION POWERS AND DUTIES; RULES; REPORT (§ 38.2-6601)

A. The Commission shall have all the powers necessary to implement the
provisions of this chapter and is specifically authorized to:

   1. Enter into contracts as necessary or proper to carry out the provisions and
   purposes of this chapter, including contracts for the administration of the
   Program, as well as other approved initiatives under the State Innovation
   Waiver, and with appropriate administrative staff, consultants, and legal
   counsel;

   2. Take action as necessary to avoid the payment of improper claims under the
   Program;

   3. Establish administrative and accounting procedures for the operation of the
   Program and other approved initiatives under the State Innovation Waiver;

   4. Establish procedures and standards for eligible carriers to submit claims
   under the Program;

   5. Establish or adjust the payment parameters in accordance with subdivision B
   2 of &#xA7; 38.2-6602 for each benefit year;

   6. Apply for a State Innovation Waiver, federal funds, or both, in accordance
   with &#xA7; 38.2-6606, for the implementation and operation of the Program, as
   well as other initiatives designated by the established work group convened by
   the Secretary of Health and Human Resources;

   7. Apply for, accept, administer, and expend gifts, grants, and donations and
   any federal funds that become available for the operation of the Program, as
   well as other initiatives designated by the established work group convened by
   the Secretary of Health and Human Resources; and

   8. Adopt rules as necessary to implement, administer, and enforce this
   chapter, including rules necessary to align state law with any federal
   program.

B. If the State Innovation Waiver is granted pursuant to &#xA7; 38.2-6606, the
Commission, during implementation of the Program, shall evaluate the effect of
the Program on access to affordable, high-value health insurance for consumers
who are eligible for premium tax credit subsidies and cost-sharing reductions.

HISTORY: 2021, Sp. Sess. I, c. 480.