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S. 30: Fair Indexing for Health Care Affordability Act


The text of the bill below is as of Jan 22, 2021 (Introduced).


II

117th CONGRESS

1st Session

S. 30

IN THE SENATE OF THE UNITED STATES

January 22, 2021

(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.