To direct the Secretary of Health and Human Services to establish a program of risk corridors for health insurance issuers offering health insurance coverage in the individual or small group market for certain plan years.
Stop Health Premium Spikes Act of 2020
This bill establishes a temporary risk corridor program to reimburse health insurers for medical costs that are greater than expected. Specifically, the program requires the Department of Health and Human Services to pay insurers 75% of the cost of providing benefits under a plan that exceeds 105% of the total annual premiums for the plan, reduced by administrative expenses. The program applies to plan years 2020 and 2021.
Referred to the Committee on Appropriations, and in addition to the Committees on the Budget, and Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Introduced in House
Introduced in House
Referred to the House Committee on Energy and Commerce.
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