No Bailouts for Insurance Industry Act of 2014

No Bailouts for Insurance Industry Act of 2014 - Repeals requirements under the Patient Protection and Affordable Care Act for: (1) a transitional reinsurance program for the individual health insurance market in each state, and (2) a program of risk corridors for calendar years 2014-2016 under which a qualified health plan offered in the individual or small group market shall participate in a payment adjustment system based on the ratio of the allowable costs of the plan to the plan's aggregate premiums.

Applies the repeal of the transitional reinsurance program and the repeal of the risk corridors program to plan years and calendar years, respectively, beginning after enactment of this Act.

[Congressional Bills 113th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3812 Introduced in House (IH)]

113th CONGRESS
  2d Session
                                H. R. 3812

    To repeal sections 1341 and 1342 of the Patient Protection and 
                          Affordable Care Act.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            January 7, 2014

 Mr. Coffman introduced the following bill; which was referred to the 
                    Committee on Energy and Commerce

_______________________________________________________________________

                                 A BILL


 
    To repeal sections 1341 and 1342 of the Patient Protection and 
                          Affordable Care Act.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``No Bailouts for Insurance Industry 
Act of 2014''.

SEC. 2. REPEAL OF SECTIONS 1341 AND 1342 OF THE PATIENT PROTECTION AND 
              AFFORDABLE CARE ACT.

    (a) In General.--Sections 1341 and 1342 of the Patient Protection 
and Affordable Care Act (42 U.S.C. 18061, 18062) are each repealed.
    (b) Effective Date.--The repeals made by subsection (a) shall take 
effect on the date of the enactment of this Act, but the repeal of 
sections 1341 and 1342 shall not apply to plan years and calendar 
years, respectively, beginning before such date of enactment.
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