Care Over Profits Act of 2026

This bill would require health insurers selling coverage to individuals and small groups to spend at least 85 percent of premium money on medical care and quality improvement, up from 80 percent, starting with plan years beginning on or after January 1, 2026. It would also set new penalties for insurance agents and brokers who give incorrect or false information on applications for health plans sold through an Exchange. Agents or brokers whose incorrect information results from negligence or disregard of rules would face civil fines of $10,000 to $50,000 per person on the application. Those who knowingly and willfully provide false information could face civil fines of up to $200,000 per person, criminal fines, and up to 10 years in prison. The penalty changes would apply to applications for plan years beginning on or after January 1, 2027.

Full text and official record on Congress.gov

Sponsors

• Tom Barrett Republican sponsor
• 1 cosponsors