US HB5904 | 2015-2016 | 114th Congress

Status

Spectrum: Partisan Bill (Republican 29-0)
Status: Introduced on July 14 2016 - 25% progression, died in committee
Action: 2016-07-14 - Referred to House Appropriations
Pending: House Appropriations Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Taxpayers Before Insurers Act This bill rescinds specified departmental management funds from the Office of the Secretary of Health and Human Services (HHS) unless HHS deposits into the Treasury specified funds derived from contributions collected under the Transitional Reinsurance Program. The rescission is required unless HHS deposits into the Treasury: (1) $2 billion for each of calendar years 2014 and 2015 within 45 days of enactment of this bill, and (2) $1 billion for 2016 by March 1, 2017. (The Transitional Reinsurance Program was created by the Patient Protection and Affordable Care Act [PPACA] to stabilize premiums in the individual health insurance market by partially reimbursing insurers for high-cost enrollees. Health insurance issuers and certain group health plans make contributions to the program, and reinsurance payments are made to issuers for enrollees in certain individual market plans with claim costs within a specified level. Portions of the reinsurance contributions are allocated for the reinsurance payment pool, administrative expenses, and the Treasury.)

Tracking Information

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Title

Taxpayers Before Insurers Act

Sponsors


History

DateChamberAction
2016-07-14HouseReferred to House Appropriations
2016-07-14HouseReferred to House Energy and Commerce
2016-07-14HouseReferred to the Committee on Energy and Commerce, and in addition to the Committee on Appropriations, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
2016-07-14HouseIntroduced in House

Subjects


US Congress State Sources


Bill Comments

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