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US HR1878

US HR1878
State Health Care Premium Reduction Act of 2021


summary

Introduced
03/12/2021
In Committee
03/16/2021
Crossed Over
Passed
Dead
01/03/2023

Introduced Session

117th Congress

Bill Summary

A BILL To amend the Patient Protection and Affordable Care Act to establish a health insurance affordability fund, and for other purposes.

AI Summary

This bill, titled the "State Health Care Premium Reduction Act of 2021," aims to establish a Health Insurance Affordability Fund to provide funding to the 50 states and the District of Columbia. The funds can be used by states for two main purposes: (1) to provide reinsurance payments to health insurance issuers to help reduce premiums for individual health insurance coverage, and (2) to provide assistance to reduce out-of-pocket costs, such as copayments, coinsurance, premiums, and deductibles, for individuals enrolled in qualified health plans on the individual market or in standard health plans through a basic health program. The bill also includes provisions for state eligibility and approval, a default federal safeguard, and the allocation of funds to states.

Committee Categories

Business and Industry, Health and Social Services

Sponsors (11)

Last Action

Referred to the Subcommittee on Health. (on 03/16/2021)

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