Us Congress 2023-2024 Regular Session

Us Congress House Bill HB10409

Caption

To address the high costs of health care services, prescription drugs, and health insurance coverage in the United States, and for other purposes.

Impact

The Fair Care Act of 2024 will significantly influence state laws and the healthcare landscape by instituting reforms that may preempt existing state regulations regarding health insurance. The introduction of a tax on health insurance plans sold on exchanges and the enhancement of health savings accounts are expected to stimulate changes that could standardize how healthcare is financed at both the state and federal levels. Furthermore, the bill contains provisions that could enable states to innovate in their approach to health insurance through waivers, promoting flexibility in managing local healthcare needs.

Summary

House Bill 10409, titled the Fair Care Act of 2024, aims to address the high costs associated with healthcare services, pharmaceuticals, and health insurance coverage in the United States. This bill proposes numerous reforms, including modernizing health savings accounts, expanding patient protections, particularly for those with preexisting conditions, and introducing new measures to improve the delivery and pricing of healthcare. Notably, the bill seeks to create a Guaranteed Coverage Pool and a reinsurance program designed to lower the costs of high-risk patients while also enhancing competition and accountability in the insurance market.

Contention

Points of contention surrounding HB 10409 primarily revolve around the balance between federal oversight and state control of healthcare regulations. Supporters argue that the bill is essential for reducing the burden of healthcare costs on individuals and improving access across state lines. However, critics express concern that broad federal measures could undermine local efforts to tailor healthcare solutions to the specific needs of communities. The potential antitrust implications also raise eyebrows, particularly regarding the bill's provisions aimed at regulating market competition among insurers and healthcare providers.

Companion Bills

No companion bills found.

Previously Filed As

US SB17

Health care: prescription drug costs.

US SB00010

An Act Promoting Access To Affordable Prescription Drugs, Health Care Coverage, Transparency In Health Care Costs, Home And Community-based Support For Vulnerable Persons And Rights Regarding Gender Identity And Expression.

US HB06870

An Act Addressing Patients' Prescription Drug Costs.

US SB2031

Health insurance carriers; require to cap patient cost for prescriptions for insulin drugs.

US SB2223

Health insurance carriers; require to cap patient cost for prescriptions for insulin drugs.

US SB2027

Health insurance carriers; require to cap patient cost for prescriptions for insulin drugs.

US SF2477

Health insurance, Medicare supplement benefits and prescription drugs provisions modifications

US AB1353

Health care coverage: prescription drugs: continuity of care.

US HB565

Relating to healthcare coverage in this state.

US HB931

Health; control high costs of prescription drugs; establish framework

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