Insurance Fraud Accountability Act

August 7th, 2024

1 min read

Washington, D.C. – Senate Finance Committee Chair Ron Wyden, D-Ore., and five senators introduced a bill to apply criminal penalties to rogue insurance brokers who are changing Americans’ Affordable Care Act (ACA) marketplace plans without their knowledge or consent, and take other steps to strengthen consumer health insurance protections.

“Predatory health insurance brokers are stealing money out of families’ pockets by leaving them with uncovered medical expenses, unexpected tax liabilities and more by fraudulently changing or enrolling Americans in health insurance plans in the federal marketplace,” Wyden said.

“It is critical for these bad actors to be held criminally responsible and implement common sense consumer protections so working families can confidently purchase quality, affordable health insurance that works for them through honest brokers. My bill will crack down on fraudulent tactics that cheat hard working Americans out of getting the health care they need. The solution to fraud is to go after fraudsters, not to take away middle class tax credits for health care.”

The one-pager is available here.
A summary of the bill is available here.
The bill text is available here.
Source: https://www.finance.senate.gov

Topics:

CMS

Insurance Fraud Accountability Act

Insurance Fraud Accountability Act

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