H.R. 2645House112th Congress (2011-2013)In Committee

Medigap Medical Loss Ratio Improvement Act

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3 earlier actions

HouseCommittee Latest Action

Referred to the Subcommittee on Health.

Health Subcommittee

August 1, 2011

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HouseIntro Referral

Introduced in House

July 26, 2011

HouseIntro Referral

Sponsor introductory remarks on measure. (CR E1411-1412)

July 26, 2011

HouseIntro Referral

Referred to the Committee on Ways and Means, and in addition to the Committee on Energy and Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Ways and Means Committee

July 26, 2011

HouseCommittee

Referred to the Subcommittee on Health.

Health Subcommittee

August 1, 2011

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Introduced in HouseIssued July 26, 2011

112th CONGRESS

1st Session

H. R. 2645

IN THE HOUSE OF REPRESENTATIVES

July 26, 2011

Mr. Stark (for himself, Mr. Waxman, and Mr. Pallone) introduced the following bill; which was referred to the Committee on Ways and Means, and in addition to the Committee on Energy and Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned

A BILL

To amend title XVIII of the Social Security Act to increase the minimum loss ratio required of Medigap policies.

Short title

This Act may be cited as the Medigap Medical Loss Ratio Improvement Act.

Increase in required Medigap loss ratio

(a)

In general

Section 1882(r)(1)(A) of the Social Security Act (42 U.S.C. 1395ss(r)(1)(A)) is amended—

(1)

by striking 75 percent and inserting 85 percent; and

(2)

by striking 65 percent and inserting 80 percent.

(b)

Effective date

The amendments made by subsection (a) shall apply to policies for policy years beginning on or after January 1, 2014.