The act was introduced to Congress on March 2, 2017. The purpose of the bill is to stop federal involvement of regulating stop-loss insurance, used by self-insured employers. Employer who self-covers the employee medical bills is allowed to cover the medical cost directly or paying the employee after the claim, instant of paying a monthly insurance premium. Furthermore, employers are fully responsible for the coverage of employees medical cost and the plans are customized according to the needs of the workforce. The stop-loss coverage that is purchased by self-insured employers allows protection against gigantic claims. If the claim exceeds the employers ability to pay the stop-loss coverage reimburses the self-insured employer. If
