Summary: H.R.1425 — 116th Congress (2019-2020)All Information (Except Text)

There is one summary for H.R.1425. Bill summaries are authored by CRS.

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Introduced in House (02/28/2019)

State Health Care Premium Reduction Act

This bill establishes the Improve Health Insurance Affordability Fund. States must use allocated funds to (1) issue reinsurance payments to health insurers (i.e., reimbursements to protect insurers against exceedingly high claims) for individual health insurance coverage, or (2) provide other assistance to reduce out-of-pocket costs (e.g., copayments, coinsurance, and deductibles) for qualified health plans offered in the individual market.

The Centers for Medicare & Medicaid Services must distribute funding to states in accordance with a specified methodology.