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S 2803 114th Congress Senate 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: April 14, 2016 See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 14, 2016
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Apr 14, 2016
Introduced in Senate
 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 April 14, 2016

Read twice and referred to the Committee on Health, Education, Labor, and Pensions.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Republican 2