Rep. Trahan, House Vote to Expand Access to Affordable Health Care
Congresswoman
"Even in the middle of a global pandemic, the President continues to put the most vulnerable in our communities at risk,"
H.R. 1425 significantly increases the ACA's affordability subsidies to extend coverage to more middle-class and working families. For the first time, no person will have to pay more than 8.5 percent of their income for a benchmark silver plan in the ACA marketplaces, and many Americans will see their premiums cut in half or more, meaning:
* A family of four earning
* A 64-year-old earning
* A single adult with income of
* An adult earning
The legislation also negotiates for lower prescription drug prices, delivering the power to negotiate lower drug prices so that Americans no longer have to pay more for lifesaving medication than Big Pharma charges for the same drugs overseas.
The Patient Protection and Affordable Care Enhancement Act also expands coverage, pressing Medicaid expansion hold-out states to adopt coverage for the 4.8 million Americans currently excluded from coverage, while restoring the outreach and advertising funding that the
The bill combats inequity in health coverage faced by communities of color, expanding more affordable coverage to vulnerable populations and fighting the maternal mortality epidemic by requiring states to extend Medicaid or CHIP coverage to new mothers for a full year postpartum.
Finally, H.R. 1425 cracks down on junk plans & strengthens protections for 130 million Americans, including more than 320,000 people in
A fact sheet on the provisions of the Patient Protection and Affordable Care Enhancement Act is available HERE (https://trahan.house.gov/uploadedfiles/affordable_care_enhancement_act_-_fact_sheet.pdf).


Family Research Council Laments Defeat for Women's Health in Supreme Court's Abortionist Admitting Privileges Decision
Rep. Roybal-Allard Votes to Strengthen the Affordable Care Act
Advisor News
- House panel advances CLEAR Forms Act backed by IRI
- Modifying life insurance based on evolving needs
- Gen X faces ‘pension envy’ as they head into retirement
- Your client wants to cash out an annuity. Here’s what to consider
- How student loan debt impacts 401(k) balances
More Advisor NewsAnnuity News
- A-Cap strikes back with lawsuit accusing SC regulators of sloppy process, leaking secrets
- AM Best to Discuss Its Views on Private Credit Surge and Risks at 2026 NAIC/NIPR Insurance Summit
- OID recovers $260M in life insurance benefits
- NUNN BILLS TO COMBAT PAYMENT SCAMS, CUT FINANCIAL RED TAPE PASS FINANCIAL SERVICES COMMITTEE
- SS&C Black Diamond Expands Annuities & Insurance Marketplace with New Insurance Capabilities and Carriers
More Annuity NewsHealth/Employee Benefits News
Life Insurance News