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S 3261 106th Congress Senate Health Bankruptcy Commerce Corporate liquidations Economics and Public Finance Fees Finance and Financial Sector Government Operations and Politics Government paperwork Government trust funds Health insurance Health insurance continuation Health insurance industry Health maintenance organizations

HMO Guaranty Act of 2000

Introduced: October 30, 2000 Introduced by: Reed, Jack Democratic · Rhode Island See on congress.gov
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 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 30, 2000
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S11375-11376)
Oct 30, 2000
Sponsor introductory remarks on measure. (CR S11374)
Oct 30, 2000
Introduced in Senate
 Plain-English summary Congressional Research Service
HMO Guaranty Act of 2000 - Establishes in the U.S. Treasury the HMO Guaranty Fund to provide payments to States to pay the outstanding health care provider claims of insolvent health maintenance organizations (HMOs) and to provide for a temporary continuation of health care coverage for covered individuals.

Requires each HMO that is licensed by a State to provide health care coverage to make biannual payments to the Guaranty Fund in accordance with an assessment schedule to be established by the Secretary of Health and Human Services. Permits deferrals or exemptions if an HMO demonstrates that payment of the assessment would endanger its ability to fulfill contractual obligations or place it in an unsound financial condition. Prescribes a civil penalty for failure to pay.

What's happening now October 30, 2000

Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S11375-11376)

 Committees of jurisdiction 1