Establishes a program to protect residents of this state from catastrophic health costs and ensure access to meaningful preventive health care for all residents of this state not enrolled in medicare, veterans' benefits, TRICARE, CHAMPUS, FEHBP, or other federal government programs, or who are confined or reside in government-operated institutions.

Establishes the guaranteed health benefits board to govern the program.

Provides for submission of this act to a vote of the people.