News

U.S. Senate Majority Leader Mitch McConnell (R-Kentucky) announced that the Senate would delay an expected vote on the “Better Care Reconciliation Act” until after the July 4 congressional recess.

The legislation would be somewhat similar to the repeal and replace legislation that the U.S. House of Representatives passed earlier this year.

One of the bills in the markup includes provisions that would cap WYO insurers’ reimbursement rate at 27.9% to administer the NFIP. Currently, the rate is 30.9%.

The legislation would reauthorize the NFIP for five years and addresses a variety of issues, including providing greater private market access, enhancing mitigation efforts and more.

The Big “I” joined forces with more than 50 trade associations to send a letter to senators urging them to scrap the Affordable Care Act’s “Cadillac” tax on high-end health plans and avoid imposing new taxes on employer-provided plans.

If the “Financial CHOICE Act” is signed into law, many significant sections of the Dodd-Frank Wall Street Reform and Consumer Protection Act would be repealed, revised or replaced.

As of Friday, June 9, “impartial conduct standards” in the rule will take effect. The rule transitions to full applicability on Jan. 1, 2018.

This week, the Big “I” submitted testimony to a full committee hearing which examined the NFIP and several legislative proposals aimed at reforming the program.

Today, Republicans in the U.S. House of Representatives released six discussion draft bills and accompanying summaries.

The Centers for Medicare & Medicaid Services plans to streamline and simplify the Affordable Care Act enrollment process for consumers who sign up for individual market coverage using HealthCare.gov.