Sec. 3. Reinsurance

112 words·~1 min read·/bill/116/hr/2000/ih/section-3

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The Secretary of Health and Human Services shall establish a mechanism to pool, on a nationwide basis, the costs of the highest-cost patients enrolled in individual health insurance coverage (as defined in section 2791 of the Public Health Service Act ( 42 U.S.C. 300gg–91 )) offered on or off the Exchanges, to the extent such costs are not already pooled pursuant to section 1343 of the Patient Protection and Affordable Care Act ( 42 U.S.C. 18063 ), for the purpose of reducing premiums for such individual health insurance coverage. For purposes of carrying out paragraph (1), there is authorized to be appropriated $10,000,000,000 for each of fiscal years 2021, 2022, and 2023.

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U.S. Code

Risk adjustment
§ 18063

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42 USC 300gg–91

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Sec. 3

Reinsurance

U.S.C.§ 18063

Cite42 USC 300gg–91

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