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H. Rept. 119-408 1 (2025-12-15)

handle is hein.congrecreports/crptxahxf0001 and id is 1 raw text is: AUTHENTICATED r U.S. GOVERNMENT INFORMATION 4 119TH CONGRESS REPORT 1st Session J HOUSE OF REPRESENTATIVES 119-408 SELF-INSURANCE PROTECTION ACT DECEMBER 15, 2025.-Committed to the Committee of the Whole House on the State of the Union and ordered to be printed Mr. WALBERG, from the Committee on Education and Workforce, submitted the following REPORT together with MINORITY VIEWS [To accompany H.R. 2571] The Committee on Education and Workforce, to whom was re- ferred the bill (H.R. 2571) to amend the Employee Retirement In- come Security Act of 1974 to exclude from the definition of health insurance coverage certain medical stop-loss insurance obtained by certain plan sponsors of group health plans, and for other purposes, having considered the same, reports favorably thereon with an amendment and recommends that the bill as amended do pass. The amendment is as follows: Strike all after the enacting clause and insert the following: SECTION 1. SHORT TITLE. This Act may be cited as the Self-Insurance Protection Act. SEC. 2. FINDINGS. Congress finds the following: (1) Small and large employers offer health benefit plan coverage to employees in self-funded arrangements using company assets or a fund, or by paying pre- miums to purchase fully-insured coverage from a health insurance company. (2) Employers that self-fund health benefit plans will often purchase stop-loss insurance as a financial risk management tool to protect against excess or unex- pected catastrophic health plan claims losses that arise above projected costs paid out of company assets. (3) Stop-loss coverage insures the employer sponsoring the health benefit plan against unforeseen health plan claims, does not insure the employee health ben- efit plan itself, and does not pay health care providers for medical services pro- vided to the employees. (4) Employer-sponsored health benefit plans are regulated under the Em- ployee Retirement Income Security Act of 1974. 69-006