Amends the Internal Revenue Code to repeal the excise tax on employer-sponsored health care coverage for which there is an excess benefit (high-cost plans).
Amends the Public Health Service Act to replace the annual review of unreasonable increases in health insurance premiums with a five-year program of grants to states for establishing centers to collect and make available medical reimbursement information from health insurance issuers.
Amends title XVIII (Medicare) of the Social Security Act to repeal the authority of the Secretary of Health and Human Services (HHS) to deny plan bids under the Medicare Advantage Program and the Prescription Drug Benefit Program.
Abolishes the Independent Payment Advisory Board established by the Patient Protection and Affordable Care Act to develop proposals to reduce the rate of growth in Medicare spending.