A bill to amend the Social Security Act to establish a Federal Reinsurance Program for Catastrophic Health Care Costs.
Healthy Businesses, Healthy Workers Reinsurance Act of 2007 - Amends the Social Security Act to add a new title XXII (Federal Reinsurance Program for Catastrophic Health Care Costs).
Establishes within the Department of Health and Human Services an Office of Federal Reinsurance, which shall in turn establish a Federal Reinsurance Program for Catastrophic Health Care Costs to make reinsurance payments to eligible health plans experiencing catastrophic health care costs during a year with respect to a covered individual.
Establishes in the Treasury the Federal Reinsurance for Catastrophic Health Care Costs Trust Fund.
Introduced in Senate
Sponsor introductory remarks on measure. (CR S5593-5594)
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S5594-5595)
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