New Medicare-X Health Plan: Affordable Care and Tax Credits
This act establishes a new public health plan, Medicare-X Choice, aiming to provide access to affordable healthcare. The plan will be available on health insurance exchanges, initially in select areas, and nationwide by 2025. Additionally, the act expands tax credits for health insurance, potentially lowering costs for many families.
Key points
Creation of a new public health plan, Medicare-X Choice, available through health benefit exchanges.
The plan will be gradually rolled out, with full nationwide availability by 2025, prioritizing areas with limited competition or high costs.
Expansion of health insurance tax credits, potentially reducing monthly premiums for individuals across various income levels.
Addressing the 'family glitch' to make tax credits more accessible for families currently struggling to find affordable employer-sponsored coverage.
Government authority to negotiate prescription drug prices, which could lower medication costs.
Requirement for healthcare providers participating in Medicare or Medicaid to also participate in the Medicare-X plan, with an opt-out option under exceptional circumstances.
Introduction of innovative payment methods and integration of medical care with social services (e.g., food, housing) to improve quality and reduce costs.
Expired
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