Section 1 Short title
This Act may be cited as the “Taxpayers Before Insurers Act”.
Taxpayers Before Insurers Act
A BILL
To require the Secretary of Health and Human Services to deposit certain funds into the general fund of the Treasury in accordance with provisions of Federal law with regard to the Patient Protection and Affordable Care Act’s Transitional Reinsurance Program.
Sec. 2 Deposit of certain reinsurance program funds into the Treasury
In general— If the Secretary of Health and Human Services fails to make deposits into the general fund of the Treasury of the United States—
in an amount equal to $2,000,000,000 for each of calendar years 2014 and 2015, within 45 days of the date of enactment of this Act, there shall be rescinded from amounts appropriated for the general departmental management of the Office of the Secretary of Health and Human Services for fiscal year 2016, an amount equal to 50 percent of the unexpended balance of such amounts; and
in an amount equal to $1,000,000,000 for calendar year 2016, by March 1, 2017, there shall be rescinded from amounts appropriated for the general departmental management of the Office of the Secretary of Health and Human Services for fiscal year 2017, an amount equal to 50 percent of the unexpended balance of such amounts.
Source of funds— The amounts to be deposited in accordance with subsection (a) shall be derived from contributions collected under the transitional reinsurance program under section 1341 of the Patient Protection and Affordable Care Act (42 U.S.C. 18061).