I
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
In general
Section 1882(r)(1)(A) of the Social Security Act (42 U.S.C. 1395ss(r)(1)(A)) is amended—
by striking
75 percent
and inserting 85 percent
; and
by striking
65 percent
and inserting 80 percent
.
Effective date
The amendments made by subsection (a) shall apply to policies for policy years beginning on or after January 1, 2014.