Insurance Rate Transparency Act

Bill: 113-hr-4633
Sponsor: full_name: Rep. Griffith, H. Morgan [R-VA-9]
Introduced: 2014-05-09
Policy area: Health
Subjects: Congressional oversight

Government information and archives

Health care costs and insurance
Latest action: action_date: 2014-05-16
text: Referred to the Subcommittee on Health.

Summaries:
action_date: 2014-05-09
action_desc: Introduced in House
text: <p>Insurance Rate Transparency Act - Amends the Public Health Service Act to require that specific health insurance premium increase information submitted to the Secretary of Health and Human Services (HHS) be disclosed to Congress no later than 30 days after receipt of the information. <br /></p>

tv_txt: I 113th CONGRESS 2d Session H. R. 4633 IN THE HOUSE OF REPRESENTATIVES May 9, 2014 Mr. Griffith of Virginia introduced the following bill; which was referred to the Committee on Energy and Commerce A BILL To amend title XXVII of the Public Health Service Act to require certain health insurance premium increase information submitted to the Secretary of Health and Human Services be disclosed to Congress.

1. Short title This Act may be cited as the Insurance Rate Transparency Act . 2. Disclosure to Congress of certain health insurance premium increase information Section 2794(b) of the Public Health Service Act ( 42 U.S.C. 300gg–94(b) ) is amended by adding at the end the following new paragraph: (3) Reports to Congress In the case of any information (including justification) relating to premium increases that is submitted for the 2015 plan year or a subsequent plan year to the Secretary pursuant to subsection (a) or this subsection, not later than 30 days after the date of receipt of such information (or, in the case of information submitted before the date of the enactment of this paragraph for the plan year 2015, not later than 30 days after such date of enactment), the Secretary shall submit to the Committees on Energy and Commerce and on Ways and Means of the House of Representatives and the Committees on Finance and on Health, Education, Labor, and Pensions of the Senate a report containing such information presented according to the following categories of health care consumers: (A) A category representing self-only coverage for a single, nonsmoking male who is 30 years of age. (B) A category representing self-only coverage for a single, smoking male who is 30 years of age. (C) A category representing self-only coverage for a single, nonsmoking female who is 30 years of age. (D) A category representing self-only coverage for a single, smoking female who is 30 years of age. (E) A category representing family coverage for a family of four, including two parents who are each 40 years of age. (F) A category representing family coverage for a couple consisting of two individuals who are each 55 years of age. .