Rep. Cisneros Supports Legislative Package to Make Healthcare and Prescription Drugs More Affordable
Representative
"As a result of this pandemic, more and more Americans are concerned about high healthcare costs and prescription drug prices. It doesn't help that
The Patient Protection and Affordable Care Enhancement Act makes healthcare more affordable by lowering health insurance premiums with strengthened and expanded affordability assistance. Specifically, the legislation expands eligibility for premium tax credits beyond 400 percent of the federal poverty line and increases the size of tax credits for all income brackets. The legislation creates a national reinsurance program to help cover the costs of consumers with expensive medical conditions, which helps lower premiums and provides funds to states to help lower deductibles and out-of-pocket costs for everyone. It also offers funding to states to establish their own State-Based Marketplaces, which oftentimes have lower premiums.
The legislation also makes prescription drugs more affordable by empowering Medicare to negotiate lower drug prices and making those prices available to Americans with private health insurance. It will stop drug companies from ripping off Americans and charging them more than other countries for the same drugs. The
The Patient Protection and Affordable Care Enhancement Act also:
* encourages states that have not expanded their Medicaid programs to do so by renewing the ACA's original expanded federal match. If all states expanded Medicaid, about 4.8 million more Americans would be eligible for Medicaid, including an estimated 2.3 million people who are uninsured;
* reverses the
* stops the expansion of junk insurance plans that allow insurance companies to discriminate against people with pre-existing conditions, put consumers at financial risk, and drive up comprehensive insurance costs;
* restores critical outreach and enrollment funding that has been gutted by the
* combats the maternal mortality epidemic, which continues to particularly impact Black and Native American people, by extending Medicaid or
* further reduces racial and ethnic health inequities by expanding coverage and premium assistance to more Black and Hispanic Americans; and
* protects vulnerable populations from losing health coverage by ensuring that Medicaid and CHIP beneficiaries receive a full 12 months of coverage once enrolled, protecting them from interruptions due to fluctuations in their income throughout the year.
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