Obamacare Taxpayer Bailout Protection Act

Bill: 113-s-2214
Sponsor: full_name: Sen. Rubio, Marco [R-FL]
Introduced: 2014-04-07
Policy area: Health
Subjects: Comprehensive health care

Government lending and loan guarantees

Health care costs and insurance

Health care coverage and access
Latest action: action_date: 2014-04-07
text: Read twice and referred to the Committee on Health, Education, Labor, and Pensions.

Summaries:
action_date: 2014-04-07
action_desc: Introduced in Senate
text: <p>Obamacare 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 payments to and from a plan are provided for in amounts necessary to reduce to zero the cost to the government of carrying out the program.</p>

tv_txt: II 113th CONGRESS 2d Session S. 2214 IN THE SENATE OF THE UNITED STATES April 7, 2014 Mr. Rubio introduced the following bill; which was read twice and referred to the Committee on Health, Education, Labor, and Pensions A BILL To prevent a taxpayer bailout of health insurance issuers.

1. Short title This Act may be cited as the Obamacare Taxpayer Bailout Protection Act . 2. Prevention of bailout of health insurance issuers Section 1342 of the Patient Protection and Affordable Care Act (42 U.S.C. 18062) is amended by adding at the end the following: (d) Ensuring budget neutrality In implementing this section, the Secretary shall ensure that payments out and payments in under paragraphs (1) and (2) of subsection (b) are provided for in amounts that the Secretary determines are necessary to reduce to zero the cost (as defined in section 502 of the Federal Credit Reform Act of 1990 (2 U.S.C. 661a)) to the Federal Government of carrying out the program under this section. .