Levin Floor Statement on H.R. 954
COMMITTEE ON WAYS AND MEANS DEMOCRATS
Contact
Levin Floor Statement on H.R. 954
(Remarks as delivered)
There is no denying that the ACA has provided quality, affordable health coverage to more than 20 million previously uninsured Americans. And importantly, individuals can no longer be denied coverage - as they could in the past - for pre-existing conditions like high blood pressure or diabetes.
And thanks to the ACA, a new survey from the
This bill undermines the Individual Shared Responsibility Provision of the ACA, which is important in making many of its benefits possible, including no one being denied coverage, no pre-existing conditions, and no gender discrimination.
There are provisions in the ACA to provide when coverage is interrupted in the middle of a policy. In cases of CO-OP closures during a policy year, there is the ACA provision of a special enrollment period (SEP) to allow individuals to continue to have coverage.
The
And in instances when purchasing a new plan would be financially difficult, these individuals could also apply for a hardship exemption from the individual mandate penalty. HHS has a number of avenues for individuals to apply for an exemption for a variety of life circumstances where premiums are a financial burden.
Every step of the way,
We know that this bill will not be signed into law. This morning, the
"The Administration strongly opposes House passage of H.R. 954. The Administration remains committed to providing Americans with accessible, quality, and affordable health coverage, including by addressing issues that arise when their health insurers stop offering coverage during the year. In such circumstances, the Administration has offered special enrollment periods, provided consumer outreach, and worked with state departments of insurance to ensure consumers have smooth transitions to other health plans. Individuals for whom coverage is unaffordable or who experience a hardship also may quality for an exemption from the individual-responsibility provision of the law. These options are available to all consumers in these circumstances, not just those enrolled in coverage through CO-OPs.
"H.R. 954 would exempt anyone whose CO-OP ends coverage during the year from the individual-responsibility provision. This is unnecessary given consumer protections already available. Moreover, it would create a bad precedent for using exemptions from the individual-responsibility provision to address unrelated concerns about the Affordable Care Act. The individual-responsibility provision is a necessary part of a system that prohibits discrimination against individuals with pre-existing conditions and requires guaranteed issuance. The provision helps prevent people from waiting until they get sick to buy health insurance or dropping health insurance when they believe they do not need it. Weakening the individual responsibility provision would increase health insurance premiums and decrease the number of Americans with coverage.
"The Administration always is willing to work with the
"If the President were presented with H.R. 954, he would veto the bill."



Barrasso: Americans Face Obamacare Sticker Shock
Advisor News
- Rising healthcare costs impact 401(k) accounts
- What advisors think about pooled employer plans, alternative investments
- AI, stablecoins and private market expansion may reshape financial services by 2030
- Cheers to summer, and planning for what comes next
- Why seniors fear spending their own retirement wealth
More Advisor NewsAnnuity News
- AuguStar Retirement launches StarStream Variable Annuity
- Prismic Life Announces Completion of Oversubscribed Capital Raise
- Guaranteed income streams help preserve assets later in retirement
- MassMutual turns 175, Marking Generations of Delivering on its Commitments
- ALIRT Insurance Research: U.S. Life Insurance Industry In Transition
More Annuity NewsHealth/Employee Benefits News
- SEN. POORE EXPANDS COVERAGE FOR MENOPAUSE AND PERIMENOPAUSE CARE
- PA HOUSE FINANCE COMMITTEE ADDRESSES HEALTHCARE ACCESS AND AFFORDABILITY FOR WORKING PENNSYLVANIANS
- Providence to end most health insurance plans, forcing hundreds of thousands in Oregon to switch
- Flemington-Raritan Seeking Assistance From State Regarding Rising Health Insurance Costs
- Mandela Barnes proposes blocking use of AI to boost consumer prices
More Health/Employee Benefits NewsLife Insurance News
- AI, stablecoins and private market expansion may reshape financial services by 2030
- Transgender plaintiffs win preliminary victories in three gender-affirming care lawsuits
- AM Best Upgrades Issuer Credit Rating of Southern Farm Bureau Life Insurance Company
- Industry Innovator Scores New High-Water Mark: Reliance Matrix Logs 8 Millionth Employee Benefit/Absence Claim
- $150M+ asset sale payout distributed to Greg Lindberg policyholders
More Life Insurance News