H.R. 1776
119th CONGRESS 1st Session
To amend the Patient Protection and Affordable Care Act to establish a reinsurance program, and for other purposes.
IN THE HOUSE OF REPRESENTATIVES · March 3, 2025 · Sponsor: Mr. Palmer
Table of contents
- SEC. 1. Short title
- SEC. 2. Creation of a reinsurance program for a new health insurance risk pool
- SEC. 3. Promotion of high-value care
- SEC. 4. Disclosure of lower prices
SEC. 1. Short title
This Act may be cited as the "New Health Options Act of 2025".
SEC. 2. Creation of a reinsurance program for a new health insurance risk pool
(a) In general
Part V of subtitle B of title I of the Patient Protection and Affordable Care Act (42 U.S.C. 18061 et seq.) is amended by adding at the end the following new section:
SEC. 1344. Reinsurance program for certain off-Exchange plans (a) In general There is established a Reinsurance Program, to be administered by the Secretary of Health and Human Services, to provide payments to health insurance issuers with respect to claims for eligible individuals for the purpose of lowering premiums for such individuals. (b) Funding (1) For the purpose of providing funding for the Reinsurance Program, for each year during the period beginning on January 1, 2026, and ending on December 31, 2030, there is appropriated out of any monies in the Treasury not otherwise obligated an amount equal to the product of $50 and the aggregate number of member months for all eligible individuals enrolled in a covered plan during such year.
(2) In no year shall the appropriation for the Reinsurance Program authorized in paragraph (1) exceed $6,000,000,000.
(3) Appropriated amounts remaining unexpended at the end of any year may be used to make payments under the Reinsurance Program in any future year.