summary
Introduced
10/02/2020
10/02/2020
In Committee
10/02/2020
10/02/2020
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
116th Congress
Bill Summary
To address the high costs of health care services, prescription drugs, and health insurance coverage in the United States, and for other purposes. function setCookieAndRedirect(event)
AI Summary
This bill, the Fair Care Act of 2020, aims to address the high costs of health care services, prescription drugs, and health insurance coverage in the United States. Some key provisions of the bill include:
Medisave Accounts and Contributions: The bill establishes Medisave accounts, which are trusts designed to pay for the qualified medical expenses of the account beneficiary. It consolidates existing health savings accounts (HSAs), health reimbursement arrangements (HRAs), flexible spending accounts (FSAs), and medical savings accounts (MSAs) into Medisave accounts. It also allows cost-sharing reduction payments under the Affordable Care Act to be eligible contributions to Medisave accounts.
Maintaining Protections for Patients with Pre-Existing Conditions: The bill maintains the Affordable Care Act's provisions prohibiting insurance companies from denying coverage or charging higher premiums based on pre-existing conditions.
Expanding Coverage Options: The bill allows for the creation of association health plans and makes changes to short-term limited duration insurance plans.
Improving Commercial Health Insurance: The bill makes various changes to improve the commercial health insurance market, such as creating an "invisible" reinsurance program, repealing the employer mandate, and modifying premium subsidies and tax credits.
Promoting Competition, Transparency, and Accountability: The bill includes provisions aimed at increasing competition among providers and insurers, enhancing price and quality transparency, and addressing prescription drug costs and competition.
Medicare and Medicaid Reforms: The bill makes various changes to the Medicare and Medicaid programs, such as reforming Medicaid payment, eliminating Medicare eligibility for certain high-income individuals, and testing new payment models.
Medical Malpractice Reform: The bill includes provisions related to medical malpractice lawsuits, such as limitations on damages, requirements for expert witnesses, and communication protections.
The overall goal of the bill is to lower health care costs and improve access to affordable, quality health care coverage for Americans.
Committee Categories
Business and Industry
Sponsors (5)
Last Action
Referred to the Committee on Energy and Commerce, and in addition to the Committees on Ways and Means, Education and Labor, the Judiciary, Oversight and Reform, House Administration, Rules, the Budget, and Armed Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. (on 10/02/2020)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/116th-congress/house-bill/8527/all-info |
| BillText | https://www.congress.gov/116/bills/hr8527/BILLS-116hr8527ih.pdf |
| Bill | https://www.congress.gov/116/bills/hr8527/BILLS-116hr8527ih.pdf.pdf |
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