H.R.2527 - To amend the Internal Revenue Code of 1986 with respect to the treatment of Blue Cross and Blue Shield organizations.102nd Congress (1991-1992)
|Sponsor:||Rep. Rangel, Charles B. [D-NY-16] (Introduced 06/04/1991)|
|Committees:||House - Ways and Means|
|Latest Action:||House - 06/04/1991 Referred to the House Committee on Ways and Means. (All Actions)|
This bill has the status Introduced
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Summary: H.R.2527 — 102nd Congress (1991-1992)All Information (Except Text)
Introduced in House (06/04/1991)
Amends the Internal Revenue Code to grant tax-exempt status to health insurance organizations that meet specified criteria, including that the organization provide continuous open enrollment for individuals and small groups.
Declares that an existing organization meets the requirement that ten-percent of its coverage is provided to individuals and small groups if: (1) 50 percent of its health insurance is provided to Federal, State, and local government employees; and (2) the organization publicizes and promotes by widely accessible means the availability of health insurance to individuals and small groups.
Modifies treatment of Blue Cross and Blue Shield organizations with respect to reorganizations and premium stabilization reserves. Repeals the current income tax deduction available to such organizations.