Summary

                            A bill to repeal provisions of the Patient Protection and Affordable Care Act and provide private health insurance reform, and for other purposes.

Introduced in Senate
Obamacare Replacement Act

This bill amends the Internal Revenue Code, the Public Health Service Act, the
Employee Retirement Income Security Act of 1974 (ERISA), and the Social Security
Act to repeal certain provisions regarding health insurance, including: the
requirement for individuals to maintain minimum essential coverage, limitations
on insurers varying premiums by age or health status, requirements for health
insurance to cover preexisting conditions and the essential health benefits, and
the prohibition on lifetime or annual limits on benefits.

The bill allows a refundable tax credit for a percentage of health insurance
premiums and a tax credit for health savings account (HSA) contributions.

The bill eliminates HSA contribution limits and allows all individuals to make
contributions to HSAs. HSAs may be used to pay for over-the-counter medications
and health insurance in addition to currently allowed medical expenses.

The tax deduction for medical care is expanded to include exercise equipment,
exercise or health instruction, gym memberships, nutritional supplements, and
periodic, pre-paid, or capitated primary care fees. Physicians may deduct
uncompensated and charity care.

The bill provides for the establishment and governance of: (1) independent
health pools, which are entities that form risk pools to offer health insurance
coverage to their members; and (2) association health plans, which are group
health plans sponsored by business associations.

Individual health insurance coverage is governed by the laws of a state
designated by the health insurance issuer.

The Centers for Medicare and Medicaid Services must (currently, may) waive
Medicaid requirements to enable states to carry out experimental, pilot, or
demonstration projects.

The bill exempts health care professionals from federal and state antitrust laws
in connection with negotiations with a health plan to provide health care items
or services.

Stop-loss insurance obtained by certain health plans or plan sponsors is exempt
from requirements for health insurance.



                        

Actions

  • Read twice and referred to the Committee on Finance.

    Jan 24th, 2017
  • Introduced in Senate

    Jan 24th, 2017