Fair Indexing for Health Care Affordability Act

Bill: 116-hr-5291
Sponsor: full_name: Rep. Van Drew, Jefferson [D-NJ-2]
Introduced: 2019-12-03
Policy area: Health
Subjects: Employee benefits and pensions

Health care costs and insurance

Health care coverage and access

Income tax credits

Insurance industry and regulation
Latest action: action_date: 2019-12-04
text: Referred to the Subcommittee on Health.

Summaries:
action_date: 2019-12-03
action_desc: Introduced in House
text: <p><b>Fair Indexing for Health Care Affordability Act</b></p> <p>This bill revises the method for determining the annual per capita change in health insurance premiums for the purpose of determining the premium adjustment percentage that is used to establish the annual limits on cost sharing for health insurance plans.</p>

tv_txt: I 116th CONGRESS 1st Session H. R. 5291 IN THE HOUSE OF REPRESENTATIVES December 3, 2019 Mr. Van Drew (for himself, Ms. Matsui , and Mr. Horsford ) introduced the following bill; which was referred to the Committee on Energy and Commerce A BILL To amend the Patient Protection and Affordable Care Act to require the Secretary of Health and Human Services to set forth a method of determining annual updates to premium tax credit eligibility and maximum out-of-pocket limits.

1. Short title This Act may be cited as the Fair Indexing for Health Care Affordability Act . 2. Premium adjustment percentage Section 1302(c)(4) of the Patient Protection and Affordable Care Act ( 42 U.S.C. 18022(c)(4) ) is amended by striking calendar year) and inserting calendar year, based on estimates and projections for the applicable calendar year of the percentage (if any) by which the average per enrollee premium for eligible employer-sponsored health plans (as defined in section 5000A(f)(2) of the Internal Revenue Code of 1986) exceeds such average per enrollee premium for the preceding calendar year, as published in the National Health Expenditure Accounts) .