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  • Not enacted
    The President has not signed this bill
  • The senate has not voted
  • The house has not voted
      house Committees
      House Committee on Energy and Commerce
      House Committee on Appropriations
      House Committee on House Administration
      House Committee on Ways and Means
      House Committee on Education and the Workforce
      Health, Employment, Labor, and Pensions
      House Committee on Natural Resources
      House Committee on the Judiciary
      House Committee on Rules
    IntroducedMay 27th, 2010

Bill Details

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Title

Private Option Health Care Act

Official Title

To amend the Internal Revenue Code of 1986 to repeal the Patient Protection and Affordable Care Act and the Health Care and Education Reconciliation Act of 2010 and to replace it with provisions reforming the health care system by putting patients back in charge of health care.

Summary

Private Option Health Care Act - Repeals the Patient Protection and Affordable Care Act (PPACA) and the Health Care and Education Reconciliation Act of 2010 and restores the provisions of law amended or repealed by such Acts as if such Acts had not been enacted. Amends the Internal Revenue Code to: (1) revise the refundable tax credit for the health insurance costs of individual taxpayers to allow a full credit for health insurance plus the amount contributed to a health savings account; (2) permit up to $500 of unused health benefits under a health flexible spending arrangement to be carried over to a succeeding plan year or paid directly to an employee as compensation; (3) revise the tax deduction for contributions to a health savings account (HSA) to increase the allowable amount of such deduction and repeal the requirement for coverage under a high deductible health plan; (4) repeal the 7.5% adjusted gross income threshold for the tax deduction for medical expenses; (5) allow a tax credit for the purchase of insurance against negative outcomes from surgery, including those caused by physician malpractice; and (6) allow an exclusion from gross income for damages awarded for medical malpractice in binding arbitration. Permits interstate purchase of health insurance. Amends the Federal Food, Drug, and Cosmetic Act (FFDCA) to repeal provisions restricting the importation of prescription drugs.

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