Obamacare Taxpayer Bailout Prevention Act

Bill: 114-s-123
Sponsor: full_name: Sen. Rubio, Marco [R-FL]
Introduced: 2015-01-08
Policy area: Health
Subjects: Comprehensive health care

Health care costs and insurance

Health care coverage and access
Latest action: action_date: 2015-01-08
text: Read twice and referred to the Committee on Health, Education, Labor, and Pensions.

Summaries:
action_date: 2015-01-08
action_desc: Introduced in Senate
text: <p><strong>Obamacare Taxpayer Bailout Prevention Act </strong></p> <p>Repeals the provision of the Patient Protection and Affordable Care Act that directs the Secretary of Health and Human Services to establish and administer a program of risk corridors for calendar years 2014, 2015, and 2016 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.</p>

tv_txt: II 114th CONGRESS 1st Session S. 123 IN THE SENATE OF THE UNITED STATES January 8, 2015 Mr. Rubio (for himself, Mr. Flake , Mr. Inhofe , Mr. Lee , Mr. McCain , Mr. Paul , Mr. Roberts , Mr. Rounds , and Mr. Vitter ) 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 Prevention Act . 2. Prevention of bailout of health insurance issuers The Patient Protection and Affordable Care Act is amended by striking section 1342 ( 42 U.S.C. 18062 ).