Stop Obamacare's Risky Provisions Act

Stop Obamacare's Risky Provisions Act - Prohibits health insurance issuers and third-party administrators, for any period after December 31, 2014, from being required to make payments under the Patient Protection and Affordable Care Act (PPACA) for a transitional reinsurance program for the individual health insurance market in each state. Allows payments to issuers, as limited by this Act, only to the extent of available funds.

Limits to 2014 the applicability of the program of risk corridors, 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. Prohibits application of the program for 2015 and 2016.

Amends PPACA to repeal, effective for years after 2014, risk adjustment provisions that require states to: (1) assess a charge on health plans and health insurance issuers if the actuarial risk of enrollees is lower than average, and (2) make payments to health plans and health insurance issuers if the actuarial risk of enrollees is greater than average.

[Congressional Bills 113th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3985 Introduced in House (IH)]

113th CONGRESS
  2d Session
                                H. R. 3985

 To sunset funding under sections 1341 and 1342, and to repeal section 
1343, of the Patient Protection and Affordable Care Act, and for other 
                               purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            February 3, 2014

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

_______________________________________________________________________

                                 A BILL


 
 To sunset funding under sections 1341 and 1342, and to repeal section 
1343, of the Patient Protection and Affordable Care Act, 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 ``Stop Obamacare's Risky Provisions 
Act''.

SEC. 2. SUNSETTING FUNDING UNDER SECTIONS 1341 AND 1342, AND REPEALING 
              SECTION 1343, OF PPACA.

    (a) Sunsetting Section 1341.--Notwithstanding any other provision 
of law--
            (1) no payments may be required of health insurance issuers 
        and third-party administrators under section 1341 of the 
        Patient Protection and Affordable Care Act (42 U.S.C. 18061) 
        for any period after December 31, 2014; and
            (2) payments shall be made to health insurance issuers 
        under such section only to the extent of available funds, as 
        limited under paragraph (1).
    (b) Sunsetting Section 1342.--Notwithstanding any other provision 
of law, the risk corridor program under section 1342 of the Patient 
Protection and Affordable Care Act (42 U.S.C. 18062) shall only apply 
for 2014 and shall not apply for 2015 or 2016.
    (c) Repealing Section 1343.--Section 1343 of the Patient Protection 
and Affordable Care Act (42 U.S.C. 18063) is repealed, effective for 
years after 2014.
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