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senate Bill S. 2214

Obamacare Taxpayer Bailout Protection Act

bill Progress


  • Not enacted
    The President has not signed this bill
  • The house has not voted
  • The senate has not voted
      senate Committees
      Committee on Health, Education, Labor, and Pensions
    IntroducedApril 7th, 2014

Bill Details

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Title

Obamacare Taxpayer Bailout Protection Act

Official Title

A bill to prevent a taxpayer bailout of health insurance issuers.

Summary

Obamacare Taxpayer Bailout Protection Act - Amends the Patient Protection and Affordable Care Act, with respect to the program of risk corridors (under which a qualified health plan offered in the individual or small group market is required to participate in a payment adjustment system based on the ratio of the allowable costs of the plan to the plan's aggregate premiums), to require the Secretary of Health and Human Services (HHS) to ensure that payments to and from a plan are provided for in amounts necessary to reduce to zero the cost to the government of carrying out the program.

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