H.R.3690 - HMO Solvency Act of 2000106th Congress (1999-2000)
|Sponsor:||Rep. Pascrell, Bill, Jr. [D-NJ-8] (Introduced 02/16/2000)|
|Committees:||House - Commerce; Ways and Means|
|Latest Action:||03/07/2000 Referred to the Subcommittee on Health.|
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Summary: H.R.3690 — 106th Congress (1999-2000)All Bill Information (Except Text)
HMO Solvency Act of 2000 - Amends title XIX (Medicaid) of the Social Security Act (SSA) to establish solvency-related requirements for Medicaid managed care organizations, requirements that include periodic financial reporting to the State, independent audits, and approval of certain subcontractors.
Introduced in House (02/16/2000)
Amends part C (Medicare+Choice) of SSA title XVIII (Medicare) to establish solvency-related requirements for application to Medicare+Choice organizations.
Directs the Secretary of Health and Human Services to: (1) provide for the application of such requirements to organizations other than Medicare+Choice organizations that receive payment on a capitated basis for provision of Medicare services; and (2) report to Congress on protection of health care providers in the event of insolvency.