HMO Guaranty Act of 2000

Summary

HMO Guaranty Act of 2000 - Establishes in the U.S. Treasury the HMO Guaranty Fund to provide payments to States to pay the outstanding health care provider claims of insolvent health maintenance organizations (HMOs) and to provide for a temporary continuation of health care coverage for covered individuals. Requires each HMO that is licensed by a State to provide health care coverage to make biannual payments to the Guaranty Fund in accordance with an assessment schedule to be established by the Secretary of Health and Human Services. Permits deferrals or exemptions if an HMO demonstrates that payment of the assessment would endanger its ability to fulfill contractual obligations or place it in an unsound financial condition. Prescribes a civil penalty for failure to pay.

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Timeline

1. 30 October 2000

   Introduced

   Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S11375-11376)

   Source: IntroReferral

2. 30 October 2000

   Introduced

   Sponsor introductory remarks on measure. (CR S11374)

   Source: IntroReferral

3. 30 October 2000

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 30 October 2000 · Official file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 30 October 2000

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 30 October 2000

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 30 October 2000

  Open at official source

Sponsors

• John Reed · D · Sponsor
• · ssfi00 · Standing

Related records

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