3.0.0 3701 2023-01-12T17:52:28Z 2023-01-12T17:52:28Z Senate S S 2006-07-20 109 ssfi00 Finance Committee Senate Standing Referred to 2006-07-20T18:44:40Z 2006-07-20 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2006-07-20 Sponsor introductory remarks on measure. (CR S8060) IntroReferral B00100 9 Library of Congress 2006-07-20 Introduced in Senate IntroReferral 10000 9 Library of Congress S001142 Sen. Smith, Gordon H. [R-OR] GORDON SMITH R OR H. N W000779 Sen. Wyden, Ron [D-OR] Ron Wyden D OR 2006-07-20 True Health Catastrophic health insurance Coinsurance Commerce Congress Congressional reporting requirements Economics and Public Finance Employee health benefits Finance and Financial Sector Health insurance Hospital care Income Indexing (Economic policy) Labor and Employment Legislation Medicaid Medicare Mortality Preventive medicine Reinsurance Small business Social Welfare Health 00 2006-07-20 Introduced in Senate 2006-09-25T18:35:19Z Catastrophic Health Coverage Promotion Act - Requires the Secretary of Health and Human Services to establish demonstration projects to provide health care coverage to individuals who: (1) are not eligible for Medicaid or Medicare benefits and have exceeded $10,500 in out-of-pocket health care costs in a year or an adjusted amount based on the average out-of-pocket costs of individuals with catastrophic illnesses in a state for the year; or (2) were receiving Medicare or Medicaid benefits but who have exhausted their eligibility and any additional private health insurance coverage. Directs the Secretary, in designing such demonstration projects, to use: (1) state risk pools; (2) reinsurance mechanisms for small businesses; (3) public or private arrangements for the provision of affordable health insurance coverage to cover catastrophic health care expenses; and (4) any combination of such arrangements.

Requires the Secretary to establish demonstration projects to provide health insurance coverage for catastrophic health benefits to individuals who do not have health insurance coverage. Directs the Secretary, in designing such demonstration projects, to: (1) use a catastrophic health insurance product administered by private health insurance plans with a deductible indexed to income level or an adjusted deductible amount based on average out-of-pocket costs; and (2) subsidize such catastrophic coverage and allow subsidies on a sliding scale to offer an affordable product for individuals earning below 200% of the federal poverty level.

Establishes evaluation requirements for the projects.

]]> Catastrophic Health Coverage Promotion Act Display Title Catastrophic Health Coverage Promotion Act Official Title as Introduced A bill to determine successful methods to provide protection from catastrophic health expenses for individuals who have exceeded health insurance coverage for uninsured individuals, and for other purposes. Introduced in Senate IS Short Titles as Introduced Catastrophic Health Coverage Promotion Act Introduced in Senate 2006-07-20T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-109s3701is/xml/BILLS-109s3701is.xml 2006-07-20 Read twice and referred to the Committee on Finance. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.