Provides that the legislature intends to implement the recommendation of the blue ribbon commission on health care costs and access, and implement a multipronged approach that provides more affordable health insurance options in the private market to decrease the number of uninsured in Washington.

Authorizes carriers to design and offer a separate health plan targeted at young adults between nineteen and thirty-four years of age.

Authorizes carriers to treat young adults, between twenty-one and thirty-four years of age, and products developed specifically for them as a single banded experience pool for purposes of establishing rates.

Declares that the plan may be offered with a choice of cost-sharing arrangements.

Allows for a person who conducts business as a sole proprietorship to credit against the tax imposed by this act, fifty percent of the value paid during the reporting period for health insurance premiums.