S 3481 · 114th Congress · Economics and Public Finance
HHS Slush Fund Elimination Act
Bill Progress
✓
Introduced2
Committee3
Senate Vote4
House5
EnactedLatest: Read twice and referred to the Committee on the Judiciary.(2016-11-17)
Plain Language Summary
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HHS Slush Fund Elimination Act This bill prohibits federal funds, including funds appropriated from the Judgment Fund, from being used to pay any final judgment, award, or compromise settlement relating to the transitional reinsurance program or the risk corridor program established under the Patient Protection and Affordable Care Act. (The Judgment Fund is a permanent and indefinite appropriation to pay judgments against the United States, including awards, compromise settlements, and related interest and costs. Under the risk corridor program, qualified health plans offered in the individual or small group markets participate in a payment adjustment system based on the ratio of the allowable costs of the plan to the plan's aggregate premiums. Under the transitional reinsurance program, health insurance issuers and certain group health plans make contributions to the program, and reinsurance payments are made to issuers for enrollees in certain individual market plans with claim costs within a specified level.) The bill includes an exception that requires the Department of Health and Human Services (HHS) to pay any final judgment, award, or compromise settlement relating to the tw…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (3)
3 Republicans