Bill > S4521

This bill, the Health Care Improvement Act of 2020, aims to reduce health care costs and expand health care coverage to more Americans. Key provisions include: - Expanding premium assistance for consumers by adjusting the applicable percentage for the premium tax credit under the Affordable Care Act. - Fixing the "family glitch" by changing the affordability threshold for family members of employees offered employer-sponsored coverage. - Establishing a State Health Insurance Affordability and Innovation Fund to provide reinsurance payments, cost-sharing assistance, and other state efforts to increase health insurance enrollment. - Rescinding the short-term limited duration insurance regulation and revoking Section 1332 guidance to protect the Affordable Care Act's essential health benefits and coverage requirements. - Incentivizing Medicaid expansion, reducing the administrative FMAP for non-expansion states, and supporting state Medicaid programs during economic downturns. - Establishing a new public health care option to be offered through the Exchanges. - Ensuring fair Medicare payments to rural providers by setting a minimum area wage index floor. - Allowing small businesses to purchase health insurance across state lines. - Empowering Medicare to negotiate prescription drug prices. - Creating a voluntary prospective reporting system for employers to provide information on their health plans. - Establishing federal protections against surprise medical billing.

Budget and Finance

https://www.congress.gov/bill/116th-congress/senate-bill/4521/all-info