COMPETE Act
Health Insurance: Expanding Short-Term Plans
Stalled
No legislative action in over 90 days.
↔Companion bill: Health Insurance: Expanding Short-Term PlansThe COMPETE Act is currently in the early stages of the legislative process. It was recently introduced in the Senate and sent to the Committee on Health, Education, Labor, and Pensions for review. There are no upcoming votes scheduled at this time.
Part of: story →Companion bill: Health Insurance: Expanding Short-Term Plans →Legislative Progress
This bill deals with a highly partisan issue regarding health insurance rules. It lacks bipartisan support and would likely face a filibuster or a veto depending on who is in the White House.
Key Points
- This bill changes the rules for short-term health insurance plans. It defines these plans as lasting up to 12 months, which is longer than some current federal regulations allow.
- The policy includes a renewal guarantee. This means if you get sick while you are covered, the insurance company cannot use your new illness as a reason to charge you more or deny you coverage when you sign up for another term.
- These plans are usually cheaper than standard health insurance because they do not have to follow all the rules of the Affordable Care Act. For example, they might not cover things like prescription drugs or maternity care.
- This would mostly affect people who buy their own insurance instead of getting it through work. It offers a lower-cost option for those who find regular plans too expensive, but it may provide less protection if they have a major medical emergency.
Impact Analysis
Govbase has not yet run an impact analysis on this legislation.
Milestones
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.
Introduced in Senate
The bill was officially filed and given a number. It now enters the legislative queue.
Votes
No votes have been recorded for this legislation yet.
News
No related news coverage found for this legislation yet.
Source Information
Document Type
Congressional Bill
Official Title
COMPETE Act
Data Sources
Sponsor
Cosponsors
(1)Analysis generated by AI. Always verify with official sources.