House passes 'keep your plan' bill

In a 247-167 vote, the House has passed The Employee Health Care Protection Act of 2014, which would let people keep their insurance plans, even if they are not compliant with the Patient Protection and Affordable Care Act, according to a report from The Hill.

The Act, proposed by Rep. Bill Cassidy (R-La.), would allow insurers to offer group health insurance plans that they offered on any date in 2013, even if the plans do not meet the "minimum essential coverage" requirements of the PPACA. Under the Act, insurers would be permitted to sell the non-compliant plans until Dec. 31, 2018.

"This legislation is about keeping a promise and doing right by the American people," said Rep. Cassidy. "Let's keep the promise to middle class workers and ensure that if they like their healthcare plan, they can keep it."

A Congressional Budget Office report released this week found the Act would generate $1.25 billion in federal revenue.

More articles on healthcare industry legislation:

AHA comments on draft bill aimed at combating Medicare fraud
Many Medicare fraud issues addressed in draft bill

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