S. 79 would amend the Social Security Act to establish a Federal Reinsurance Program for Catastrophic Health Care Costs.
Detailed Summary
Healthy Businesses, Healthy Workers Reinsurance Act of 2009 - Amends the Social Security Act to add a new title XXII (Federal Reinsurance Program for Catastrophic Health Care Costs).
Establishes within the Department of Health and Human Services an Office of Federal Reinsurance, which shall in turn establish a Federal Reinsurance Program for Catastrophic Health Care Costs to make reinsurance payments to eligible health plans experiencing catastrophic health care costs during a year with respect to a covered individual.
Establishes in the Treasury the Federal Reinsurance for Catastrophic Health Care Costs Trust Fund.
Status of the Legislation
Latest Major Action: 1/6/2009: Referred to Senate committee. Status: Read twice and referred to the Committee on Finance.
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