Taxpayer Bailout Protection Act

Bill: 113-hr-4406
Sponsor: full_name: Rep. Lance, Leonard [R-NJ-7]
Introduced: 2014-04-04
Policy area: Health
Subjects: Comprehensive health care

Health care costs and insurance

Health care coverage and access

Insurance industry and regulation
Latest action: action_date: 2014-04-11
text: Referred to the Subcommittee on Health.

Summaries:
action_date: 2014-04-04
action_desc: Introduced in House
text: <p>Taxpayer Bailout Protection Act - Amends the Patient Protection and Affordable Care Act, with respect to the program of risk corridors (under which a qualified health plan offered in the individual or small group market is required to participate in a payment adjustment system based on the ratio of the allowable costs of the plan to the plan's aggregate premiums), to require the Secretary of Health and Human Services (HHS) to ensure that the amount of payments to plans for a plan year beginning during calendar years 2014 through 2016 does not exceed the amount of payments to the Secretary for such plan year.</p> <p>Requires the Secretary to proportionately decrease the amount of payments to plans in order to ensure that such requirement is satisfied each year.</p>

tv_txt: I 113th CONGRESS 2d Session H. R. 4406 IN THE HOUSE OF REPRESENTATIVES April 4, 2014 Mr. Lance introduced the following bill; which was referred to the Committee on Energy and Commerce A BILL To amend title I of the Patient Protection and Affordable Care Act to impose restrictions on the risk corridor program.

1. Short title This Act may be cited as the Taxpayer Bailout Protection Act . 2. Restrictions on PPACA risk corridor program Section 1342(b) of the Patient Protection and Affordable Care Act ( 42 U.S.C. 18062(b) ) is amended— (1) in paragraph (1), by striking The Secretary and inserting Subject to paragraph (3), the Secretary ; and (2) by adding at the end the following new paragraph: (3) Safeguard to protect taxpayers (A) In general The Secretary shall ensure that the amount of payments to plans under paragraph (1) for a plan year beginning during calendar year 2014, 2015, or 2016 does not exceed the amount of payments to the Secretary under paragraph (2) for such plan year. (B) Adjustment to protect taxpayers The Secretary shall proportionately decrease the amount of payments to plans under paragraph (1) in order to ensure that the requirement of subparagraph (A) is satisfied each year. .