World's Greatest Healthcare Plan of 2017

Summary

World's Greatest Healthcare Plan Act of 2017 This bill amends the Internal Revenue Code to repeal the requirements for individuals to maintain minimum essential coverage and for large employers to offer affordable coverage to full time employees. Health insurance is no longer required to cover preventive care at no cost or include the essential health benefits. Individuals enrolling in health insurance who have not maintained continuous coverage over the previous 12 months are charged an extra 20% on premiums for each consecutive year without coverage, unless the individual is subject to similar state incentives to maintain coverage. States may enroll uninsured residents in high deductible health plans. Individuals must be permitted to opt-out of this coverage. The Department of Health and Human Services (HHS) must develop a risk adjustment mechanism for health insurance in the individual market. For residents of a state to qualify for premium subsidies or the health insurance tax credit in this bill, the state must permit health insurance with an annual limit on benefits to be sold on its exchange. The bill establishes an advanceable, refundable health insurance tax credit for taxpayers enrolled in coverage that does not cover abortion except in certain circumstances. States may: (1) apply to HHS to use unclaimed health insurance tax credits for indigent health care; and (2) enroll Medicaid-eligible individuals in health insurance that qualifies for the tax credit instead of in Medicaid, at the individual's option. The tax on excess health benefits (commonly called the Cadillac tax) is repealed. The bill establishes Roth HSAs (health savings accounts) for paying certain medical expenses and health insurance premiums. The tax deduction for medical expenses is eliminated. This bill amends title XIX (Medicaid) and title XVIII (Medicare) of the Social Security Act, including to turn federal Medicaid payments into block grants.

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Timeline

1. 1 March 2017

   Introduced

   Referred to the Committee on Energy and Commerce, and in addition to the Committees on Ways and Means, and Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

   Source: IntroReferral

2. 1 March 2017

   Introduced

   Referred to the Committee on Energy and Commerce, and in addition to the Committees on Ways and Means, and Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

   Source: IntroReferral

3. 1 March 2017

   Introduced

   Introduced in House

   Source: IntroReferral

4. 1 March 2017

   Introduced

   Introduced in House

   Source: IntroReferral

5. 3 March 2017

   Referred

   Referred to the Subcommittee on Health.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 1 March 2017 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 1 March 2017

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 1 March 2017

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 1 March 2017

  Open at official source

Sponsors

• Pete Sessions · R · Sponsor
• LAMAR SMITH · R · Cosponsor
• Bill Flores · R · Cosponsor
• Ralph Norman · R · Cosponsor
• Jeff Fortenberry · R · Cosponsor
• Kevin Cramer · R · Cosponsor
• · hsif00 · Standing
• · hsed00 · Standing
• · hswm00 · Standing

Related records

• related to ← Medicaid Accountability and Care Act of 2017
• related to ← World's Greatest Healthcare Plan Act of 2016