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US HR8588

US HR8588
Fair Care Act of 2022


summary

Introduced
07/28/2022
In Committee
11/01/2022
Crossed Over
Passed
Dead
01/03/2023

Introduced Session

117th Congress

Bill Summary

A BILL To address the high costs of health care services, prescription drugs, and health insurance coverage in the United States, and for other purposes.

AI Summary

This bill, the Fair Care Act of 2022, proposes a number of reforms to address the high costs of health care services, prescription drugs, and health insurance coverage in the United States. Some key provisions include: Modernizing Health Savings Accounts (HSAs) - This includes expanding the types of health plans that can be paired with an HSA, allowing unused premium tax credits to be deposited into an HSA, and treating direct primary care services as qualified medical expenses for HSAs. Maintaining Protections for Patients with Pre-Existing Conditions - This includes guaranteeing the availability of health insurance coverage and prohibiting discrimination based on health status. Expanding Coverage Options - This includes allowing more employers to band together to offer group health plans and expanding the availability of short-term limited duration insurance plans. Improving Prescription Drug Competition and Innovation - This includes provisions to expedite the development and approval of generic complex drugs, prevent blocking of generic drugs, and regulate manufacturer-sponsored co-pay contributions. Reforming Medicare Part D - This includes redesigning the Part D benefit structure, adding a monthly cap on out-of-pocket costs for Part D enrollees, and requiring manufacturers to provide discounts on drugs covered under Part D. Reforming Medicaid - This includes a new payment system for states that would provide a fixed amount per Medicaid enrollee, with bonuses for meeting quality targets. The bill also includes provisions related to price transparency, medical malpractice reform, and expanding the use of telehealth services in Medicare and Medicaid.

Committee Categories

Business and Industry, Government Affairs, Justice

Sponsors (2)

Last Action

Referred to the Subcommittee on Courts, Intellectual Property, and the Internet. (on 11/01/2022)

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