Search Results: keywords:"reinsurance program"

  • H. R. 1776 — To amend the Patient Protection and Affordable Care Act to establish a reinsurance program, and for other purposes.
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    Status:Introduced in House
    Words:2,438

    H.R. 1776 aims to amend the Patient Protection and Affordable Care Act by establishing a reinsurance program to help lower health insurance premiums for certain plans that are not part of the Exchange. This bill allows these plans to manage their risk separately from single...

    Simple Explanation

    H.R. 1776 is a plan that tries to make health insurance cheaper by setting up a special pot of money to help pay for expensive medical bills, but some people are worried that it might make costs go up for older people and that the rules could be a bit confusing.

  • H. R. 6944 — To require the Secretary of the Treasury to establish a catastrophic property loss reinsurance program, and for other purposes.
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    Status:Introduced in House
    Words:3,981

    H.R. 6944, also known as the "INSURE Act," requires the Secretary of the Treasury to establish a reinsurance program for catastrophic property losses. This program will provide reinsurance to insurance companies offering all-perils property insurance policies, including for...

    Simple Explanation

    The INSURE Act is a plan to help protect people’s homes from really big disasters like floods and wildfires by having the government help insurance companies cover these events and also assist people who can’t afford the insurance.