No Bailouts for Insurance Industry Act of 2014

Bill: 113-hr-3812
Sponsor: full_name: Rep. Coffman, Mike [R-CO-6]
Introduced: 2014-01-07
Policy area: Health
Subjects: Comprehensive health care

Health care costs and insurance

Health care coverage and access

Health programs administration and funding

Insurance industry and regulation
Latest action: action_date: 2014-01-10
text: Referred to the Subcommittee on Health.

Summaries:
action_date: 2014-01-07
action_desc: Introduced in House
text: <p>No Bailouts for Insurance Industry Act of 2014 - Repeals requirements under the Patient Protection and Affordable Care Act for: (1) a transitional reinsurance program for the individual health insurance market in each state, and (2) a program of risk corridors for calendar years 2014-2016 under which a qualified health plan offered in the individual or small group market shall participate in a payment adjustment system based on the ratio of the allowable costs of the plan to the plan's aggregate premiums.</p> <p>Applies the repeal of the transitional reinsurance program and the repeal of the risk corridors program to plan years and calendar years, respectively, beginning after enactment of this Act.</p>

tv_txt: I 113th CONGRESS 2d Session H. R. 3812 IN THE HOUSE OF REPRESENTATIVES January 7, 2014 Mr. Coffman introduced the following bill; which was referred to the Committee on Energy and Commerce A BILL To repeal sections 1341 and 1342 of the Patient Protection and Affordable Care Act.

1. Short title This Act may be cited as the No Bailouts for Insurance Industry Act of 2014 . 2. Repeal of sections 1341 and 1342 of the Patient Protection and Affordable Care Act (a) In general Sections 1341 and 1342 of the Patient Protection and Affordable Care Act ( 42 U.S.C. 18061 , 18062) are each repealed. (b) Effective date The repeals made by subsection (a) shall take effect on the date of the enactment of this Act, but the repeal of sections 1341 and 1342 shall not apply to plan years and calendar years, respectively, beginning before such date of enactment.