Rep. Bean Introduces SMOOTH Payments Act to Spread Out Health Care Costs
The SMOOTH Payments Act was recently introduced in the House and is currently waiting for review by the Committee on Ways and Means. No further actions are scheduled at this time. The bill is in the early stages of the legislative process.
While the bill addresses the popular issue of medical costs, it currently lacks bipartisan support and was introduced late in the session.
Scores run from -100 (strongly harmful) to +100 (strongly beneficial) for each group, combining impact, certainty, scope, and duration ratings of 1-5. How impact scoring works
Small business owners who buy insurance on the individual marketplace would benefit from the monthly payment option for their own out-of-pocket costs. However, health insurance issuers that serve the marketplace would face new administrative requirements to build and manage monthly cost-sharing payment systems, which could affect small insurers' costs and willingness to participate.
Referred to the House Committee on Ways and Means.
Introduced in House
The bill was officially filed and given a number. It now enters the legislative queue.
No votes, news coverage, or related bills recorded for this bill yet.
Document Type
Congressional Bill
Official Title
SMOOTH Payments Act
Analysis generated by AI. Always verify with official sources.