Bill > HR6703

This bill aims to improve health care options and lower health care premiums through several key provisions. First, it creates Association Health Plans (AHPs) that allow groups of employers to band together to offer health insurance, even if they are in different industries, with specific requirements such as existing for at least two years and having a formal governing structure. The bill also introduces oversight of pharmacy benefit management services by requiring detailed reporting on drug pricing, rebates, and compensation, which must be submitted to group health plans semi-annually. Additionally, the legislation modifies rules for Health Reimbursement Arrangements (HRAs), allowing them to be used for individual health insurance coverage with certain restrictions. The bill also addresses stop-loss insurance for self-insured health plans and provides funding for cost-sharing reduction payments in health insurance plans, with a limitation that such funding cannot be used for plans covering abortion except in cases of rape, incest, or when necessary to save the mother's life. These provisions are designed to increase transparency in health care costs, provide more flexible insurance options for small businesses and self-employed individuals, and potentially reduce overall health care expenses for Americans.

Business and Industry

https://www.congress.gov/bill/119th-congress/house-bill/6703/all-info