US SB222 | 2017-2018 | 115th Congress

Status

Spectrum: Partisan Bill (Republican 2-0)
Status: Introduced on January 24 2017 - 25% progression, died in committee
Action: 2017-01-24 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Obamacare Replacement Act This bill amends the Internal Revenue Code, the Public Health Service Act, the Employee Retirement Income Security Act of 1974 (ERISA), and the Social Security Act to repeal certain provisions regarding health insurance, including: the requirement for individuals to maintain minimum essential coverage, limitations on insurers varying premiums by age or health status, requirements for health insurance to cover preexisting conditions and the essential health benefits, and the prohibition on lifetime or annual limits on benefits. The bill allows a refundable tax credit for a percentage of health insurance premiums and a tax credit for health savings account (HSA) contributions. The bill eliminates HSA contribution limits and allows all individuals to make contributions to HSAs. HSAs may be used to pay for over-the-counter medications and health insurance in addition to currently allowed medical expenses. The tax deduction for medical care is expanded to include exercise equipment, exercise or health instruction, gym memberships, nutritional supplements, and periodic, pre-paid, or capitated primary care fees. Physicians may deduct uncompensated and charity care. The bill provides for the establishment and governance of: (1) independent health pools, which are entities that form risk pools to offer health insurance coverage to their members; and (2) association health plans, which are group health plans sponsored by business associations. Individual health insurance coverage is governed by the laws of a state designated by the health insurance issuer. The Centers for Medicare and Medicaid Services must (currently, may) waive Medicaid requirements to enable states to carry out experimental, pilot, or demonstration projects. The bill exempts health care professionals from federal and state antitrust laws in connection with negotiations with a health plan to provide health care items or services. Stop-loss insurance obtained by certain health plans or plan sponsors is exempt from requirements for health insurance.

Tracking Information

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Title

Obamacare Replacement Act

Sponsors


History

DateChamberAction
2017-01-24SenateRead twice and referred to the Committee on Finance.

Same As/Similar To

HB143 (Related) 2017-01-23 - Referred to the Subcommittee on Regulatory Reform, Commercial And Antitrust Law.
HB314 (Related) 2017-01-25 - Referred to the Subcommittee on Health.
HB372 (Related) 2017-03-23 - Received in the Senate and Read twice and referred to the Committee on the Judiciary.
HB1072 (Related) 2017-02-17 - Referred to the Subcommittee on Health.
HB1101 (Related) 2017-03-23 - Received in the Senate and Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
HB1304 (Related) 2017-04-06 - Received in the Senate and Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
SB1516 (Related) 2017-06-29 - Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
HB3278 (Related) 2017-07-18 - Referred to the House Committee on Energy and Commerce.

Subjects

Accounting and auditing
Administrative law and regulatory procedures
Administrative remedies
Advisory bodies
Bank accounts, deposits, capital
Bankruptcy
Child health
Competition and antitrust
Congressional oversight
Contracts and agency
Department of Labor
Employee benefits and pensions
Employment taxes
Federal preemption
Fraud offenses and financial crimes
Government information and archives
Health
Health care costs and insurance
Health care coverage and access
Health personnel
Income tax credits
Income tax deductions
Insurance industry and regulation
Intergovernmental relations
Licensing and registrations
Medicaid
Medicare
Nutrition and diet
Physical fitness and lifestyle
Prescription drugs
Sales and excise taxes
Small business
Social work, volunteer service, charitable organizations
Sports and recreation facilities
State and local government operations
State and local taxation
Tax administration and collection, taxpayers
User charges and fees

US Congress State Sources


Bill Comments

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