Us Congress Senate Bill SJR76

Us Congress 2023-2024 Regular Session

• Introduced: 5/2/24
• Refer: 5/2/24

Caption

A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Department of Labor relating to "Short-Term, Limited-Duration Insurance and Independent, Noncoordinated Excepted Benefits Coverage".

Impact

If enacted, SJR76 would remove the force and effect of the Department of Labor's rule regarding short-term insurance. This action may affect the landscape of health insurance in the country, particularly for those seeking affordable, albeit temporary, coverage options. By disapproving this regulation, lawmakers convey a message regarding their stance on the types of insurance coverage that should be available to consumers and the adequacy of existing protections against potential pitfalls associated with such policies.

Summary

SJR76 is a joint resolution aimed at disapproving a rule proposed by the Department of Labor that pertains to Short-Term, Limited-Duration Insurance and Independent, Non-coordinated Excepted Benefits Coverage. The resolution reflects legislative concern over the regulation of insurance products that are considered to be of limited duration, questioning their effectiveness and oversight in protecting consumers. By voting on this resolution, lawmakers express their intent to curtail or negate the Department of Labor's jurisdiction on these specific insurance policies.

Contention

The resolution is likely to invoke debates on consumer protection versus market freedom. Supporters argue that short-term health plans can offer necessary temporary solutions for individuals between jobs or in transition periods. Conversely, opponents may express concerns that such plans do not provide the same level of coverage or protection as longer-term health insurance options, potentially leaving consumers vulnerable during critical health events.