H. R. 724
IN THE HOUSE OF REPRESENTATIVES
February 4, 2015
Mr. Lance (for himself and Mrs. Blackburn) introduced the following bill; which was referred to the Committee on Energy and Commerce
To amend title I of the Patient Protection and Affordable Care Act to impose restrictions on the risk corridor program, and for other purposes.
This Act may be cited as the
Taxpayer Bailout Protection Act.
Restrictions on PPACA risk corridor program
Section 1342(b) of the Patient Protection and Affordable Care Act (42 U.S.C. 18062(b)) is amended—
in paragraph (1), by striking
The Secretary and inserting
Subject to paragraph (3), the Secretary; and
by adding at the end the following new paragraph:
Safeguard to protect taxpayers
The Secretary shall ensure that the amount of payments to plans under paragraph (1) for a plan year beginning during calendar year 2014, 2015, or 2016 does not exceed the amount of payments to the Secretary under paragraph (2) for such plan year.
Adjustment to protect taxpayers
The Secretary shall proportionately decrease the amount of payments to plans under paragraph (1) in order to ensure that the requirement of subparagraph (A) is satisfied each year.