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H.R. 1868: Health Care Affordability Act of 2019


The text of the bill below is as of Mar 26, 2019 (Introduced).


I

116th CONGRESS

1st Session

H. R. 1868

IN THE HOUSE OF REPRESENTATIVES

March 26, 2019

(for herself, Mr. Gomez, and Mr. O'Halleran) introduced the following bill; which was referred to the Committee on Ways and Means

A BILL

To amend the Internal Revenue Code of 1986 to improve affordability and reduce premium costs of health insurance for consumers.

1.

Short title

This Act may be cited as the Health Care Affordability Act of 2019.

2.

Improve affordability and reduce premium costs of health insurance for consumers

(a)

In general

Section 36B(b)(3)(A) of the Internal Revenue Code of 1986 is amended to read as follows:

(A)

Applicable percentage

The applicable percentage for any taxable year shall be the percentage such that the applicable percentage for any taxpayer whose household income is within an income tier specified in the following table shall increase, on a sliding scale in a linear manner, from the initial premium percentage to the final premium percentage specified in such table for such income tier:

In the case of household
income (expressed as
a percent of poverty line)
within the following income tier:
The initial
premium
percentage is—
The final
premium
percentage is—
Over 100.0 percent up to 133.0 percent0.01.0
133.0 percent up to 150.0 percent1.02.0
150.0 percent up to 200.0 percent2.04.0
200.0 percent up to 250.0 percent4.06.0
250.0 percent up to 300.0 percent6.07.0
300.0 percent up to 400.0 percent7.08.5
400.0 percent and higher8.58.5

.

(b)

Conforming amendment

Section 36B(c)(1)(A) of the Internal Revenue Code of 1986 is amended by striking but does not exceed 400 percent.

(c)

Effective date

The amendments made by this section shall apply to taxable years beginning after December 31, 2020.