summary
Introduced
03/22/2023
03/22/2023
In Committee
12/17/2024
12/17/2024
Crossed Over
Passed
Dead
01/03/2025
01/03/2025
Introduced Session
118th Congress
Bill Summary
A BILL To amend the Internal Revenue Code of 1986 to improve affordability and reduce premium costs of health insurance for consumers.
AI Summary
This bill, the Health Care Affordability Act of 2023, aims to improve the affordability and reduce the premium costs of health insurance for consumers. The key provisions of the bill are:
1. It amends the Internal Revenue Code to adjust the applicable percentage used to calculate the premium tax credit for health insurance plans purchased through the Affordable Care Act (ACA) marketplace. The applicable percentage would increase on a sliding scale for households with incomes between 150% and 400% of the federal poverty line, reducing the amount those consumers pay for their health insurance premiums.
2. It removes the upper income limit of 400% of the federal poverty line for eligibility for the premium tax credit, making the credit available to more middle-income households.
3. These changes to the premium tax credit would be effective for taxable years beginning after December 31, 2022, providing immediate relief to consumers struggling with the high cost of health insurance.
Committee Categories
Budget and Finance, Health and Social Services
Sponsors (72)
Lauren Underwood (D)*,
Colin Allred (D),
Nanette Barragán (D),
Lisa Blunt Rochester (D),
Julia Brownley (D),
Tony Cárdenas (D),
Troy Carter (D),
Kathy Castor (D),
Judy Chu (D),
Yvette Clarke (D),
Steve Cohen (D),
Angie Craig (D),
Sharice Davids (D),
Diana DeGette (D),
Rosa DeLauro (D),
Suzan DelBene (D),
Debbie Dingell (D),
Anna Eshoo (D),
Lois Frankel (D),
Robert Garcia (D),
Chuy García (D),
Dan Goldman (D),
Jahana Hayes (D),
Steven Horsford (D),
Hank Johnson (D),
Robin Kelly (D),
Dan Kildee (D),
Raja Krishnamoorthi (D),
Ann Kuster (D),
Rick Larsen (D),
John Larson (D),
Barbara Lee (D),
Mike Levin (D),
Ted Lieu (D),
Seth Magaziner (D),
Kathy Manning (D),
Doris Matsui (D),
Lucy McBath (D),
Betty McCollum (D),
Gwen Moore (D),
Joe Morelle (D),
Jared Moskowitz (D),
Frank Mrvan (D),
Eleanor Holmes Norton (D),
Frank Pallone (D),
Chris Pappas (D),
Bill Pascrell (D),
Nancy Pelosi (D),
Mark Pocan (D),
Katie Porter (D),
Mike Quigley (D),
Delia Ramirez (D),
Andrea Salinas (D),
Linda Sánchez (D),
John Sarbanes (D),
Mary Gay Scanlon (D),
Jan Schakowsky (D),
Adam Schiff (D),
Brad Schneider (D),
Kim Schrier (D),
Bobby Scott (D),
Terri Sewell (D),
Darren Soto (D),
Greg Stanton (D),
Haley Stevens (D),
Marilyn Strickland (D),
Mark Takano (D),
Shri Thanedar (D),
Bennie Thompson (D),
Jill Tokuda (D),
Paul Tonko (D),
David Trone (D),
Last Action
Referred to the Subcommittee on Health. (on 12/17/2024)
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/118th-congress/house-bill/1692/all-info |
| BillText | https://www.congress.gov/118/bills/hr1692/BILLS-118hr1692ih.pdf |
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