The Congressional Research Service issued the following report (No. R44425) on
April 26, 2021, entitled Health Insurance Premium Tax Credit and Cost-Sharing Reductions by health care financing specialist
Bernadette Fernandez:
Summary
Certain individuals without access to subsidized health insurance coverage may be eligible for the premium tax credit (PTC) established under the Patient Protection and Affordable Care Act (ACA; P.L. 111-148, as amended) and amended under the American Rescue Plan Act of 2021 (ARPA, P.L. 117-2) to include several temporary provisions. The dollar amount of the PTC varies from individual to individual, based on a formula specified in statute. Individuals who are eligible for the PTC may be required to contribute some amount toward the purchase of health insurance.
Section 1332 Pass-Through Funding For 2021, New Health Plan Guidance
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How To Make Healthcare Benefits Less Of A Headache
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Bennet, Kaine: Medicare-X Choice Act would achieve universal healthcare
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Public Option Would Be Destabilizing, NAHU Exec Says At CapCon
The public option would destabilize current insurance markets, while the cost of Medicare for All is not sustainable.
Those are among the talking points members of the National Association of Health Underwriters will discuss with their representatives in Washington during this week’s virtual NAHU Capital Conference. The conference kicked off Monday with a rundown of the legislative and regulatory issues foremost on NAHU members’ minds.
The association continues its opposition to a public option, which would establish a government-funded health plan to compete with private health insurance. The public option “would destabilize current insurance markets by creating an unlevel playing field,” said Chris Hartmann, NAHU vice president of congressional affairs. “This would have the devastating effect of closing hospitals.”