All Information (Except Text) for S.222 - Obamacare Replacement Act115th Congress (2017-2018)
|Sponsor:||Sen. Paul, Rand [R-KY] (Introduced 01/24/2017)|
|Committees:||Senate - Finance|
|Latest Action:||Senate - 01/24/2017 Read twice and referred to the Committee on Finance. (All Actions)|
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Titles Actions Overview All Actions Cosponsors Committees Related Bills Subjects Latest Summary All Summaries
Short Titles - Senate
Short Titles as Introduced
Obamacare Replacement Act
Actions Overview (1)
|01/24/2017||Introduced in Senate|
01/24/2017 Introduced in Senate
All Actions (1)
|01/24/2017||Read twice and referred to the Committee on Finance.|
Action By: Senate
01/24/2017 Read twice and referred to the Committee on Finance.
|Sen. Toomey, Pat [R-PA]||03/06/2017|
|Committee / Subcommittee||Date||Activity||Reports|
|Senate Finance||01/24/2017||Referred to|
Subject — Policy Area:
One Policy Area term, which best describes an entire measure, is assigned to every public bill or resolution.
- Accounting and auditing
- Administrative law and regulatory procedures
- Administrative remedies
- Advisory bodies
- Bank accounts, deposits, capital
- Child health
- Competition and antitrust
- Congressional oversight
- Contracts and agency
- Department of Labor
- Employee benefits and pensions
- Employment taxes
- Federal preemption
- Fraud offenses and financial crimes
- Government information and archives
- Health care costs and insurance
- Health care coverage and access
- Health personnel
- Income tax credits
- Income tax deductions
- Insurance industry and regulation
- Intergovernmental relations
- Licensing and registrations
- Nutrition and diet
- Physical fitness and lifestyle
- Prescription drugs
- Sales and excise taxes
- Small business
- Social work, volunteer service, charitable organizations
- Sports and recreation facilities
- State and local government operations
- State and local taxation
- Tax administration and collection, taxpayers
- User charges and fees
Latest Summary (1)
Introduced in Senate (01/24/2017)
Obamacare Replacement Act
This bill amends the Internal Revenue Code, the Public Health Service Act, the Employee Retirement Income Security Act of 1974 (ERISA), and the Social Security Act to repeal certain provisions regarding health insurance, including: the requirement for individuals to maintain minimum essential coverage, limitations on insurers varying premiums by age or health status, requirements for health insurance to cover preexisting conditions and the essential health benefits, and the prohibition on lifetime or annual limits on benefits.
The bill allows a refundable tax credit for a percentage of health insurance premiums and a tax credit for health savings account (HSA) contributions.
The bill eliminates HSA contribution limits and allows all individuals to make contributions to HSAs. HSAs may be used to pay for over-the-counter medications and health insurance in addition to currently allowed medical expenses.
The tax deduction for medical care is expanded to include exercise equipment, exercise or health instruction, gym memberships, nutritional supplements, and periodic, pre-paid, or capitated primary care fees. Physicians may deduct uncompensated and charity care.
The bill provides for the establishment and governance of: (1) independent health pools, which are entities that form risk pools to offer health insurance coverage to their members; and (2) association health plans, which are group health plans sponsored by business associations.
Individual health insurance coverage is governed by the laws of a state designated by the health insurance issuer.
The Centers for Medicare and Medicaid Services must (currently, may) waive Medicaid requirements to enable states to carry out experimental, pilot, or demonstration projects.
The bill exempts health care professionals from federal and state antitrust laws in connection with negotiations with a health plan to provide health care items or services.Stop-loss insurance obtained by certain health plans or plan sponsors is exempt from requirements for health insurance.