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Lower Healthcare Costs: Increased Support for Insured Individuals

This act aims to reduce healthcare costs for many Americans. It increases financial support for individuals using health plans on the insurance exchange, especially for those with lower and middle incomes. As a result, more people will be able to afford better insurance plans, leading to lower out-of-pocket medical expenses.
Key points
Starting in 2026, financial support will be calculated based on "gold" level health plans instead of "silver" level, meaning higher premium subsidies.
Increased cost-sharing reductions for individuals with incomes up to 400% of the federal poverty line, lowering their medical expenses.
Ensured stable funding for healthcare cost reduction programs, guaranteeing consistent support.
article Official text account_balance Process page
Expired
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Additional Information
Print number: 118_HR_10188
Sponsor: Rep. Schrier, Kim [D-WA-8]
Process start date: 2024-11-20
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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

Capping Costs for Consumers Act of 2024

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_10188.

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 2024-11-20.

What are the main provisions?

Key points include:

  • Starting in 2026, financial support will be calculated based on "gold" level health plans instead of "silver" level, meaning higher premium subsidies.
  • Increased cost-sharing reductions for individuals with incomes up to 400% of the federal poverty line, lowering their medical expenses.
  • Ensured stable funding for healthcare cost reduction programs, guaranteeing consistent support.
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 2025-12-24.

CATEGORIES

Health