1. Short title
This Act may be cited as the “Letting Insurance Benefit Everyone Regardless of Their Youth (LIBERTY) Act”.
Letting Insurance Benefit Everyone Regardless of Their Youth (LIBERTY) Act
A BILL
To amend title XXVII of the Public Health Service Act to change the permissible age variation in health insurance premium rates.
2. Change in permissible age variation in health insurance premium rates
In general— Section 2701(a)(1)(A)(iii) of the Public Health Service Act (42 U.S.C. 300gg(a)(1)(A)(iii)), as inserted by section 1201(4) of Public Law 111–148, is amended by striking “3 to 1 for adults (consistent with section 2707(c))” and inserting “5 to 1 for adults (consistent with section 2707(c)) or such other ratio for adults (consistent with section 2707(c)) as the State involved may provide”.
Effective date— The amendment made by subsection (a) shall apply as if it was included in the enactment of Public Law 111–148.