H.R. 724 — Introduced in House

I 114th CONGRESS 1st Session 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 A BILL To amend title I of the Patient Protection and Affordable Care Act to impose restrictions on the risk corridor program, and for other purposes. 1. Short title This Act may be cited as the Taxpayer Bailout Protection Act. 2. 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— (1) in paragraph (1), by striking The Secretary and inserting Subject to paragraph (3), the Secretary; and (2) by adding at the end the following new paragraph: (3) Safeguard to protect taxpayers (A) In general 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. (B) 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. .