Section 1 Short title
This Act may be cited as the “Puerto Rico Health Insurance Fairness Act of 2016”.
Puerto Rico Health Insurance Fairness Act of 2016
A BILL
To amend section 9010 of the Patient Protection and Affordable Care Act to provide health insurance fairness for Puerto Rico.
Sec. 2 Health insurance tax covered entities
Exclusions from covered entity definition— Section 9010(c)(2) of the Patient Protection and Affordable Care Act (Public Law 111–148) is amended—
in subparagraph (D), by striking the period at the end and inserting “, or”; and
by adding at the end the following new subparagraph:
“(E) notwithstanding subsection (h), beginning in 2018, any entity within a jurisdiction that is not receiving premium tax credits and cost-sharing reductions under sections 1401 and 1402 of this Act.”
Corresponding reduction in collections— Section 9010(e) of the Patient Protection and Affordable Care Act (Public Law 111–148) is amended—
by redesignating paragraph (2) as paragraph (3); and
by adding after paragraph (1) the following:
“(2) Adjustments to applicable amount—Beginning in 2018, the Secretary shall reduce the applicable amount by a figure equal to the fees that otherwise would have been collected from entities within any jurisdiction that is not receiving premium tax credits and cost-sharing reductions under sections 1401 and 1402 of this Act.”
Effective date— The amendments made by this Act shall take effect as if included in section 9010 of the Patient Protection and Affordable Care Act (Public Law 111–148).