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Lower Healthcare Costs: Increased Support for Insured Individuals

This act aims to reduce healthcare costs for citizens by increasing financial support. Starting in 2023, individuals with lower and middle incomes will be eligible for greater subsidies for health insurance, leading to lower out-of-pocket expenses. The changes apply to health plans offered through exchanges and basic health programs for low-income individuals.
Key points
Increased health insurance subsidies for individuals with incomes up to 400% of the federal poverty line, resulting in lower out-of-pocket costs.
From 2023, support will be calculated based on 'gold' level health plans instead of 'silver', potentially offering better coverage.
Expansion of premium tax credits, reducing monthly health insurance payments for many families.
article Official text account_balance Process page
Expired
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Additional Information
Print number: 117_HR_4669
Sponsor: Rep. Schrier, Kim [D-WA-8]
Process start date: 2021-07-22
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Summarized by: gemini-2.5-flash
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Capping Costs for Consumers Act of 2021

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_4669.

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 2021-07-22.

What are the main provisions?

Key points include:

  • Increased health insurance subsidies for individuals with incomes up to 400% of the federal poverty line, resulting in lower out-of-pocket costs.
  • From 2023, support will be calculated based on 'gold' level health plans instead of 'silver', potentially offering better coverage.
  • Expansion of premium tax credits, reducing monthly health insurance payments for many families.
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. Schrier, Kim [D-WA-8].

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 2026-01-02.

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