Fair Indexing for Health Care Affordability Act

Bill: 117-s-30
Sponsor: full_name: Sen. Shaheen, Jeanne [D-NH]
Introduced: 2021-01-22
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: 2021-01-22
text: Read twice and referred to the Committee on Health, Education, Labor, and Pensions.

Summaries:
action_date: 2021-01-22
action_desc: Introduced in Senate
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: II 117th CONGRESS 1st Session S. 30 IN THE SENATE OF THE UNITED STATES January 22, 2021 Mrs. Shaheen (for herself, Mr. Murphy , Mr. Blumenthal , and Ms. Baldwin ) introduced the following bill; which was read twice and referred to the Committee on Health, Education, Labor, and Pensions A BILL To set forth a method of determining maximum out-of-pocket limits and annual updates to premium tax credit eligibility under the Patient Protection and Affordable Care Act.

1. Short title This Act may be cited as the Fair Indexing for Health Care Affordability Act . 2. Premium adjustment percentage (a) In general 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 of changes for the applicable year in the average per enrollee employer-sponsored insurance premiums provided by the National Health Expenditure Accounts) . (b) Effective date The amendment made by subsection (a) shall take effect on January 1, 2022.