S.Amdt. 421

SA 421. Mr. RUBIO submitted an amendment intended to be proposed to
amendment SA 267 proposed by Mr. McConnell to the bill H.R. 1628, to
provide for reconciliation pursuant to title II of the concurrent
resolution on the budget for fiscal year 2017; which was ordered to lie
on the table; as follows:

At the appropriate place, insert the following:

SEC. ___. ALLOWING ALL INDIVIDUALS PURCHASING HEALTH
INSURANCE IN THE INDIVIDUAL MARKET THE OPTION
TO PURCHASE A LOWER PREMIUM CATASTROPHIC PLAN.

(a) In General.--Section 1302(e) of the Patient Protection
and Affordable Care Act (42 U.S.C. 18022(e)) is amended by
adding at the end the following:
``(4) Consumer freedom.--For plan years beginning on or
after January 1, 2018, paragraph (1)(A) shall not apply with
respect to any plan offered in the State.''.
(b) Risk Pools.--Section 1312(c) of the Patient Protection
and Affordable Care Act (42 U.S.C. 18032(c)) is amended--
(1) in paragraph (1), by inserting ``and including, with
respect to plan years beginning on or after January 1, 2018,
enrollees in catastrophic plans described in section
1302(e)'' after ``Exchange''; and
(2) in paragraph (2), by inserting ``and including, with
respect to plan years beginning on or after January 1, 2018,
enrollees in catastrophic plans described in section
1302(e)'' after ``Exchange''.
(c) Allowance of Premium Tax Credit for Catastrophic
Plans.--
(1) In general.--Section 36B(c)(3)(A) of the Internal
Revenue Code of 1986 is amended by striking ``, except that
such term shall not include a qualified health plan that is a
catastrophic plan described in section 1302(e) of such Act''.
(2) Effective date.--The amendment made by this subsection
shall apply to taxable years beginning after December 31,
2017.
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