House Passes ACA Reinforcement Bill
Days after the Trump administration asked the Supreme Court to scrap the Affordable Care Act, the House of Representatives passed legislation that would see it expanded.
In a 234-179 vote, the House passed the Patient Protection and Affordable Care Enhancement Act on Monday nearly along party lines though it is likely to falter at the Republican-controlled Senate.
However, if it passes there the White House said President Donald Trump will veto it upon arrival at his desk.
The bill's sponsor Rep. Angie Craig, D-Minn., said the legislation will provide federal funding to states to lower the cost of premiums while expanding healthcare to more Americans and create a drug price negotiation mechanism named after Elijah E. Cummings, the late Democratic congressman for Maryland who died last year.
"It's long past time to stop trying to tear down and throw out the ACA," she said in a statement. "It's time to work together to build the healthcare system Americans need and deserve."
The bill was introduced last Wednesday, proposing to cap silver health insurance premiums at 8.5 percent of household income and authorize the Health and Human Services secretary to negotiate drug prices with pharmaceutical companies.
From the floor on Monday, House Speaker Nancy Pelosi, D-Calif., told lawmakers that they had a choice to either vote for the bill to strengthen the country's healthcare protections or vote in complicity with Trump's "campaign to dismantle families' healthcare."
"Make no mistake, a vote against this bill is a vote to weaken Americans' health and financial security during a pandemic," she said.
Trump has long campaigned to repeal the ACA, and on Thursday his administration filed an 82-page brief with the Supreme Court asking to rule Obamacare unconstitutional.
The brief was filed in support of an 18-state coalition that is arguing the 2010 Obama-era legislation was made invalid when Congress passed Trump's tax reform bill in 2017 that removed the financial penalty from the individual mandate, which required people to maintain a minimum of health coverage or pay a tax.


10 Charged In $1.4B Health Insurance Scam In Florida
Groupe PSA Becomes a Major Player in Connected Car Insurance
Advisor News
- Benefit Costs Squeeze Schools, Driving Cuts, Tax Hikes And Difficult Tradeoffs
- Why client insurance needs could change even if their life doesn’t
- Most Gen Z investors think less than a year ahead when making financial decisions
- IRI pitches retirement agenda to Jeffries as democrats shape affordability platform
- Help child-free clients plan for their later years
More Advisor NewsAnnuity News
- Guidance, bulletin or reg? NAIC debates form of annuity illustration update
- Nationwide adds mutual fund-linked strategy to New Heights Select FIA
- NUNN INTRODUCES BILL TO CUT RED TAPE, GIVE IOWANS CLEARER INSURANCE INFORMATION
- NAIC working group pressed to accelerate annuity illustration overhaul
- State Auditor James Brown Kicks Off Life Insurance Awareness Month With Policy Locator Tool
More Annuity NewsHealth/Employee Benefits News
Life Insurance News