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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 2026, individuals using health insurance through exchanges will be eligible for larger subsidies, leading to lower out-of-pocket expenses. These changes are designed to improve access to better insurance plans, especially for low and middle-income individuals.
Key points
Increased Health Insurance Subsidies: From 2026, financial support will be calculated based on gold-level insurance plans instead of silver, meaning higher subsidies for many individuals.
Expanded Support Eligibility: More individuals with incomes up to 400% of the federal poverty line will qualify for larger subsidies, reducing their share of medical costs.
Changes to State Programs: State health programs for low-income individuals will also be adjusted to align with the new, more favorable rules.
Funding: The act secures federal funds to cover the increased subsidies, ensuring program stability.
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Expired
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Additional Information
Print number: 118_HR_10438
Sponsor: Rep. Schrier, Kim [D-WA-8]
Process start date: 2024-12-16
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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_10438.

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 2024-12-16.

What are the main provisions?

Key points include:

  • Increased Health Insurance Subsidies: From 2026, financial support will be calculated based on gold-level insurance plans instead of silver, meaning higher subsidies for many individuals.
  • Expanded Support Eligibility: More individuals with incomes up to 400% of the federal poverty line will qualify for larger subsidies, reducing their share of medical costs.
  • Changes to State Programs: State health programs for low-income individuals will also be adjusted to align with the new, more favorable rules.
  • Funding: The act secures federal funds to cover the increased subsidies, ensuring program stability.
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.

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