Obamacare Taxpayer Bailout Protection Act

Obamacare Taxpayer Bailout Protection Act - Amends the Patient Protection and Affordable Care Act, with respect to the program of risk corridors (under which a qualified health plan offered in the individual or small group market is required to participate in a payment adjustment system based on the ratio of the allowable costs of the plan to the plan's aggregate premiums), to require the Secretary of Health and Human Services (HHS) to ensure that payments to and from a plan are provided for in amounts necessary to reduce to zero the cost to the government of carrying out the program.

[Congressional Bills 113th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4354 Introduced in House (IH)]

113th CONGRESS
  2d Session
                                H. R. 4354

       To prevent a taxpayer bailout of health insurance issuers.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             April 1, 2014

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

_______________________________________________________________________

                                 A BILL


 
       To prevent a taxpayer bailout of health insurance issuers.

    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 ``Obamacare Taxpayer Bailout 
Protection Act''.

SEC. 2. PREVENTION OF BAILOUT OF HEALTH INSURANCE ISSUERS.

    Section 1342 of the Patient Protection and Affordable Care Act (42 
U.S.C. 18062) is amended by adding at the end the following:
    ``(d) Ensuring Budget Neutrality.--In implementing this section, 
the Secretary shall ensure that payments out and payments in under 
paragraphs (1) and (2) of subsection (b) are provided for in amounts 
that the Secretary determines are necessary to reduce to zero the cost 
(as defined in section 502 of the Federal Credit Reform Act of 1990 (2 
U.S.C. 661a)) to the Federal Government of carrying out the program 
under this section.''.
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