Relating to: BadgerCare purchase option, basic plan, state-based insurance exchange, and granting rule-making authority. (FE)

This bill creates a basic health plan option for individuals with household incomes up to 200% of the poverty line and establishes a purchase option program allowing eligible individuals with higher incomes to buy coverage through the state program instead of private insurance. The program would offer benefits equal to existing state coverage, use premium rates similar to managed care plans, and allow enrollment during standard open enrollment periods while seeking federal waivers to ensure financial stability. Additionally, the bill directs the state to develop a state-based insurance exchange that would allow access to these purchase options and grants officials authority to create necessary rules for implementation.