Protecting Americans from Illegal Bailouts Act of 2014

Protecting Americans from Illegal Bailouts Act of 2014 - Amends the Patient Protection and Affordable Care Act to repeal the risk corridor program for health plans offered in the individual and small group markets, thus eliminating payments to plans that experience higher than expected health care costs and collections from plans that experience lower than expected health care costs.

[Congressional Bills 113th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5175 Introduced in House (IH)]

113th CONGRESS
  2d Session
                                H. R. 5175

 To amend the Patient Protection and Affordable Care Act to repeal the 
             risk corridor program, and for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             July 23, 2014

Mr. Lance (for himself and Mr. Cassidy) introduced the following bill; 
       which was referred to the Committee on Energy and Commerce

_______________________________________________________________________

                                 A BILL


 
 To amend the Patient Protection and Affordable Care Act to repeal the 
             risk corridor program, and for other purposes.

    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 ``Protecting Americans from Illegal 
Bailouts Act of 2014''.

SEC. 2. REPEAL OF THE RISK CORRIDOR PROGRAM ESTABLISHED IN PPACA.

    (a) In General.--Section 1342 of the Patient Protection and 
Affordable Care Act (42 U.S.C. 18062) is repealed.
    (b) Effective Date.--The amendment made by subsection (a) shall 
take effect as of the date of the enactment of this Act.
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