Protecting Americans from Illegal Bailouts Act of 2014

Bill: 113-hr-5175
Sponsor: full_name: Rep. Lance, Leonard [R-NJ-7]
Introduced: 2014-07-23
Policy area: Health
Subjects: Comprehensive health care

Health care costs and insurance

Health care coverage and access

Health programs administration and funding
Latest action: action_date: 2014-07-25
text: Referred to the Subcommittee on Health.

Summaries:
action_date: 2014-07-23
action_desc: Introduced in House
text: <p>Protecting Americans from Illegal Bailouts Act of 2014 - Amends the Patient Protection and Affordable Care Act to repeal the risk corridor program for health plans offered in the individual and small group markets, thus eliminating payments to plans that experience higher than expected health care costs and collections from plans that experience lower than expected health care costs.</p>

tv_txt: I 113th CONGRESS 2d Session H. R. 5175 IN THE HOUSE OF REPRESENTATIVES July 23, 2014 Mr. Lance (for himself and Mr. Cassidy ) introduced the following bill; which was referred to the Committee on Energy and Commerce A BILL To amend the Patient Protection and Affordable Care Act to repeal the risk corridor program, and for other purposes.

1. Short title This Act may be cited as the Protecting Americans from Illegal Bailouts Act of 2014 . 2. Repeal of the risk corridor program established in PPACA (a) In general Section 1342 of the Patient Protection and Affordable Care Act ( 42 U.S.C. 18062 ) is repealed. (b) Effective date The amendment made by subsection (a) shall take effect as of the date of the enactment of this Act.