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New Public Health Insurance Option for Citizens

This act introduces a new public health insurance option available through the Exchanges, aiming to increase competition and access to affordable, high-quality plans. Citizens will gain an additional insurance choice that must meet the same standards as private plans, but with prices set to cover benefits and administrative costs.
Key points
Access to a public health insurance option starting January 1, 2023, offered exclusively by the government through health insurance Exchanges.
The public option will offer bronze, silver, and gold plans, with premiums set to be affordable and cover costs.
Healthcare providers participating in Medicare and Medicaid will automatically be part of the public option's network unless they opt out.
The goal is to provide more choice, competition, and stability in the health insurance market, potentially lowering costs for citizens.
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Additional Information
Print number: 117_S_983
Sponsor: Sen. Whitehouse, Sheldon [D-RI]
Process start date: 2021-03-25