Obamacare Taxpayer Bailout Protection Act

Bill: 113-hr-4354
Sponsor: full_name: Rep. Griffin, Tim [R-AR-2]
Introduced: 2014-04-01
Policy area: Health
Subjects: Comprehensive health care

Health care costs and insurance

Health care coverage and access
Latest action: action_date: 2014-04-04
text: Referred to the Subcommittee on Health.

Summaries:
action_date: 2014-04-01
action_desc: Introduced in House
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: I 113th CONGRESS 2d Session H. R. 4354 IN THE HOUSE OF REPRESENTATIVES April 1, 2014 Mr. Griffin of Arkansas introduced the following bill; which was referred to the Committee on Energy and Commerce 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. .