H.R.1425 - State Health Care Premium Reduction Act116th Congress (2019-2020) |
|Sponsor:||Rep. Craig, Angie [D-MN-2] (Introduced 02/28/2019)|
|Committees:||House - Energy and Commerce|
|Latest Action:||House - 04/04/2019 Ordered to be Reported (Amended) by the Yeas and Nays: 30 - 22. (All Actions)|
This bill has the status Introduced
Here are the steps for Status of Legislation:
- Passed House
- Passed Senate
- To President
- Became Law
Summary: H.R.1425 — 116th Congress (2019-2020)All Information (Except Text)
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.