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.

1.

Short title

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

2.

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.