Health and Human Services Secretary Xavier Becerra Confirms Rep. Craig Bill Would Lower Out of Pocket Costs and Premiums for Minnesotans
Health and Human Services Secretary
During her questioning, Secretary Becerra also confirmed that provisions of the American Rescue Plan have lowered health care premiums for Americans and agreed that they should become permanent.
The American Rescue Plan builds on the Affordable Care Act (ACA) by significantly expanding the subsidies in the ACA Marketplaces to cover more middle class families and to be more generous for those already receiving them, for 2021 and 2022. Specifically, it removes the current cap that makes any family with income above 400% of the poverty level ineligible for any subsidies. Additionally, the American Rescue Plan ensures that no one will have to pay more than 8.5 percent of their income for a silver plan in the ACA marketplaces.
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