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Medicare Expansion and Health Insurance Market Stabilization Act

This act allows individuals aged 50-64 to buy into Medicare, potentially lowering healthcare costs for this group. It also aims to stabilize the health insurance market through a reinsurance fund and permanent tax credits, which could affect the availability and prices of policies for all citizens. Furthermore, the act enables negotiation of drug prices within Medicare, potentially reducing medication expenses.
Key points
Individuals aged 50-64 can voluntarily buy into Medicare, gaining access to Parts A, B, and D benefits.
An Individual Market Reinsurance Fund will be established to stabilize health insurance prices and availability.
The Secretary of Health and Human Services will be able to negotiate prices for Medicare Part D drugs, potentially lowering costs for beneficiaries.
Tax credits for qualified health plans (under the Affordable Care Act) are made permanent, providing long-term financial support.
A Medicare Buy-In Trust Fund and oversight board are established, along with funding for outreach and enrollment assistance.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_HR_2881
Sponsor: Rep. Higgins, Brian [D-NY-26]
Process start date: 2021-04-28
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Medicare Buy-In and Health Care Stabilization Act of 2021

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_2881.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-04-28.

What are the main provisions?

Key points include:

  • Individuals aged 50-64 can voluntarily buy into Medicare, gaining access to Parts A, B, and D benefits.
  • An Individual Market Reinsurance Fund will be established to stabilize health insurance prices and availability.
  • The Secretary of Health and Human Services will be able to negotiate prices for Medicare Part D drugs, potentially lowering costs for beneficiaries.
  • Tax credits for qualified health plans (under the Affordable Care Act) are made permanent, providing long-term financial support.
  • A Medicare Buy-In Trust Fund and oversight board are established, along with funding for outreach and enrollment assistance.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Higgins, Brian [D-NY-26].

What is the latest detailed status?

The latest detailed status is: Referred to the Subcommittee on Health.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-27.

CATEGORIES

Health Benefits Taxes