summary
Introduced
02/13/2020
02/13/2020
In Committee
02/13/2020
02/13/2020
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
116th Congress
Bill Summary
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 maximum out-of-pocket limits and annual updates to premium tax credit eligibility. 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.
AI Summary
This bill, the Fair Indexing for Health Care Affordability Act, amends the Patient Protection and Affordable Care Act (ACA) to require the Secretary of Health and Human Services to establish a method for determining the annual maximum out-of-pocket limits and updates to premium tax credit eligibility. Specifically, it revises the formula used to calculate the "premium adjustment percentage," which is a key factor in setting the annual limits on cost-sharing for health insurance plans. The bill changes the method for determining this percentage to be based on the estimated annual change in average per enrollee premiums for employer-sponsored insurance, as published in the National Health Expenditure Accounts.
Committee Categories
Business and Industry
Sponsors (9)
Cindy Axne (D)*,
André Carson (D),
Sean Casten (D),
TJ Cox (D),
Angie Craig (D),
Jahana Hayes (D),
Steven Horsford (D),
Sheila Jackson-Lee (D),
Doris Matsui (D),
Last Action
Referred to the House Committee on Energy and Commerce. (on 02/13/2020)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/116th-congress/house-bill/5889/all-info |
| BillText | https://www.congress.gov/116/bills/hr5889/BILLS-116hr5889ih.pdf |
| Bill | https://www.congress.gov/116/bills/hr5889/BILLS-116hr5889ih.pdf.pdf |
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