Obamacare Taxpayer Bailout Prevention Act

Bill: 115-s-147
Sponsor: full_name: Sen. Rubio, Marco [R-FL]
Introduced: 2017-01-17
Policy area: Health
Subjects: Comprehensive health care

Health care costs and insurance

Health care coverage and access
Latest action: action_date: 2017-01-17
text: Read twice and referred to the Committee on Health, Education, Labor, and Pensions.

Summaries:
action_date: 2017-01-17
action_desc: Introduced in Senate
text: <p><strong>Obamacare Taxpayer Bailout Prevention Act </strong></p> <p>This bill repeals the provision of the Patient Protection and Affordable Care Act that directs the Department of Health and Human Services to establish a program of risk corridors for 2014, 2015, and 2016 under which qualified health plans must participate in a payment adjustment system based on the ratio of a plan's allowable costs to its premiums. (Qualified health plans are sold on health insurance exchanges, are the only plans eligible for premium subsidies, and fulfill an individual's requirement to maintain minimum essential coverage.)</p>

tv_txt: II 115th CONGRESS 1st Session S. 147 IN THE SENATE OF THE UNITED STATES January 17, 2017 Mr. Rubio (for himself, Mr. Flake , Mr. McCain , Mr. Lee , and Mr. Cotton ) 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 ).