Sec. 8. Reinsurance and affordability fund
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/bill/116/s/1261/is/section-8A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Part 5 of subtitle D of title I of the Patient Protection and Affordable Care Act is amended by inserting after section 1341 ( 42 U.S.C. 18061 ) the following: The Secretary, in consultation with the National Association of Insurance Commissioners, shall establish a program to enable each State, for any plan year beginning in the 3-year period beginning January 1, 2020, to— provide reinsurance payments to health insurance issuers with respect to individuals enrolled under individual health insurance coverage offered by such issuers; or provide assistance (other than through payments described in paragraph (1)) to reduce out-of-pocket costs, such as copayments, coinsurance, premiums, and deductibles, of individuals enrolled under qualified health plans offered in the individual market through an Exchange.
There is appropriated, out of any money in the Treasury not otherwise appropriated, $30,000,000,000 for the period of fiscal years 2020 through 2022 for purposes of establishing and administering the program established under this section. Such amount shall remain available until expended. .
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Sec. 8
Reinsurance and affordability fund
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