1. Short title This Act may be cited as the Lower Premiums Through Reinsurance Act of 2017 . 2. Invisible high-risk pool and reinsurance programs Section 1332 of the Patient Protection and Affordable Care Act ( 42 U.S.C. 18052 ) is amended— (1) by adding at the end the following: (f) High-Risk pools and reinsurance programs (1) In general (A) Application Any State may apply to the Secretary for approval to use the funding described in subparagraph (B) to support an invisible high-risk pool or reinsurance program that is described in paragraph (2). The Secretary shall approve a State application under this subparagraph with respect to any program that— (i) meets the requirements of subparagraph (A), (B), (C), or (D) of paragraph (2)