Extending Health Insurance Subsidies Using New Tariff Revenue.
This bill extends temporary rules that allow more citizens, including those with higher incomes, to receive tax credits that lower their monthly health insurance premiums. It also maintains the increased amounts of these subsidies for all eligible individuals. The duration of this extension is limited and depends on the revenue collected from new tariffs imposed after January 2025.
Key points
Individuals earning above 400% of the poverty line will continue to qualify for government subsidies to reduce their health insurance costs.
Higher amounts of financial assistance for insurance premiums will be maintained, resulting in lower out-of-pocket costs for millions of Americans.
The extension is temporary and will last only as long as the revenue generated by new tariffs covers the cost of these subsidies.
Introduced
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