Stop Obamacare's Risky Provisions Act

Bill: 113-hr-3985
Sponsor: full_name: Rep. Westmoreland, Lynn A. [R-GA-3]
Introduced: 2014-02-03
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: 2014-02-07
text: Referred to the Subcommittee on Health.

Summaries:
action_date: 2014-02-03
action_desc: Introduced in House
text: <p>Stop Obamacare's Risky Provisions Act - Prohibits health insurance issuers and third-party administrators, for any period after December 31, 2014, from being required to make payments under the Patient Protection and Affordable Care Act (PPACA) for a transitional reinsurance program for the individual health insurance market in each state. Allows payments to issuers, as limited by this Act, only to the extent of available funds.</p> <p>Limits to 2014 the applicability of the program of risk corridors, 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. Prohibits application of the program for 2015 and 2016.</p> <p>Amends PPACA to repeal, effective for years after 2014, risk adjustment provisions that require states to: (1) assess a charge on health plans and health insurance issuers if the actuarial risk of enrollees is lower than average, and (2) make payments to health plans and health insurance issuers if the actuarial risk of enrollees is greater than average.</p>

tv_txt: I 113th CONGRESS 2d Session H. R. 3985 IN THE HOUSE OF REPRESENTATIVES February 3, 2014 Mr. Westmoreland introduced the following bill; which was referred to the Committee on Energy and Commerce A BILL To sunset funding under sections 1341 and 1342, and to repeal section 1343, of the Patient Protection and Affordable Care Act, and for other purposes.

1. Short title This Act may be cited as the Stop Obamacare’s Risky Provisions Act . 2. Sunsetting funding under sections 1341 and 1342, and repealing section 1343, of PPACA (a) Sunsetting section 1341 Notwithstanding any other provision of law— (1) no payments may be required of health insurance issuers and third-party administrators under section 1341 of the Patient Protection and Affordable Care Act ( 42 U.S.C. 18061 ) for any period after December 31, 2014; and (2) payments shall be made to health insurance issuers under such section only to the extent of available funds, as limited under paragraph (1). (b) Sunsetting section 1342 Notwithstanding any other provision of law, the risk corridor program under section 1342 of the Patient Protection and Affordable Care Act ( 42 U.S.C. 18062 ) shall only apply for 2014 and shall not apply for 2015 or 2016. (c) Repealing section 1343 Section 1343 of the Patient Protection and Affordable Care Act ( 42 U.S.C. 18063 ) is repealed, effective for years after 2014.