Insurance Rate Transparency Act

Bill: 114-hr-2696
Sponsor: full_name: Rep. Griffith, H. Morgan [R-VA-9]
Introduced: 2015-06-09
Policy area: Health
Subjects: Congressional oversight

Government information and archives

Health care costs and insurance
Latest action: action_date: 2015-06-12
text: Referred to the Subcommittee on Health.

Summaries:
action_date: 2015-06-09
action_desc: Introduced in House
text: <p><b>Insurance Rate Transparency Act</b></p> <p>This bill amends the Public Health Service Act to require the Department of Health and Human Services to report to Congress within 30 days of receiving information on health insurance premium increases for the 2016 plan year on the increase with information presented according to specified categories of consumers (e.g., single, non-smoking male who is 30 years of age). <br /> </p>

tv_txt: I 114th CONGRESS 1st Session H. R. 2696 IN THE HOUSE OF REPRESENTATIVES June 9, 2015 Mr. Griffith 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 2016 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 2016, 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. .