New Medicare Plans, Lower Costs, and Improved Insurance
This act creates new public health insurance plans (Medicare Part E) available to most Americans. It caps annual out-of-pocket costs for traditional Medicare users and allows the government to negotiate drug prices. It also increases financial assistance for buying insurance on the marketplaces.
Key points
New public health insurance plans (Medicare Part E) with comprehensive benefits, including reproductive services, will be available.
An annual cap on out-of-pocket spending will be established for individuals with traditional Medicare.
The government will be allowed to negotiate prescription drug prices under Medicare Part D.
Financial assistance (tax credits and cost-sharing reductions) for individuals buying insurance on the health insurance marketplaces will be enhanced.
Rules protecting consumers from excessive health insurance rate increases will be strengthened.
Expired
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