S.Amdt. 2950

SA 2950. Mr. Rockefeller submitted an amendment intended to be
proposed to amendment SA 2786 proposed by Mr. Reid (for himself, Mr.
Baucus, Mr. Dodd, and Mr. Harkin) to the bill H.R. 3590, to amend the
Internal Revenue Code of 1986 to modify the first-time homebuyers
credit in the case of members of the Armed Forces and certain other
Federal employees, and for other purposes; which was ordered to lie on
the table; as follows:

On page 34, between lines 4 and 5, insert the following:

``SEC. 2720. LIMITATION ON ANNUAL GROWTH IN HEALTH INSURANCE
PREMIUMS.

``(a) In General.--A group health plan and a health
insurance issuer offering group or individual health
insurance coverage may not increase the health insurance
premium rates for such plan or coverage in any year by a
percentage that is greater than the percentage increase in
the Medical Care Component of the Consumer Price Index for
all urban consumers for year involved.
``(b) Effect.--If a plan or an issuer increases the health
insurance premium rate by a percentage greater than the
percentage described in subsection (a), that plan or issuer
shall refund the excess premium dollars back to the enrollee
or to the Federal treasury, in amounts equal to the
respective premium contributions of the enrollee and the
Federal Government, taking into account premium subsidies
provided to individuals or families for coverage purchased in
an Exchange.''.
______