HR 5904 114th Congress House Health Appropriations Department of Health and Human Services Executive agency funding and structure Health care costs and insurance Health care coverage and access

Taxpayers Before Insurers Act

Introduced: July 14, 2016 See on congress.gov

Everywhere this bill has been 2 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Jul 14, 2016

Referred 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.

Jul 14, 2016

Introduced in House

Plain-English summary Congressional Research Service

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.)

What's happening now July 14, 2016

Committees of jurisdiction 2