| 1 | 1 | | I |
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| 2 | 2 | | 118THCONGRESS |
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| 3 | 3 | | 1 |
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| 4 | 4 | | STSESSION H. R. 1692 |
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| 5 | 5 | | To amend the Internal Revenue Code of 1986 to improve affordability and |
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| 6 | 6 | | reduce premium costs of health insurance for consumers. |
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| 7 | 7 | | IN THE HOUSE OF REPRESENTATIVES |
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| 8 | 8 | | MARCH22, 2023 |
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| 9 | 9 | | Ms. U |
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| 10 | 10 | | NDERWOOD (for herself, Mr. ALLRED, Ms. BARRAGA´N, Ms. BLUNT |
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| 11 | 11 | | R |
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| 12 | 12 | | OCHESTER, Ms. CLARKEof New York, Mr. COHEN, Ms. DELAURO, Ms. |
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| 13 | 13 | | L |
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| 14 | 14 | | OISFRANKELof Florida, Mr. GARCI´Aof Illinois, Ms. KUSTER, Ms. |
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| 15 | 15 | | M |
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| 16 | 16 | | ANNING, Ms. MOOREof Wisconsin, Ms. PELOSI, Mr. POCAN, Ms. POR- |
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| 17 | 17 | | TER, Mr. QUIGLEY, Ms. SCANLON, Mr. SCHIFF, Ms. SCHRIER, Ms. SE- |
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| 18 | 18 | | WELL, Mr. SOTO, and Mr. TRONE) introduced the following bill; which |
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| 19 | 19 | | was referred to the Committee on Ways and Means |
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| 20 | 20 | | A BILL |
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| 21 | 21 | | To amend the Internal Revenue Code of 1986 to improve |
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| 22 | 22 | | affordability and reduce premium costs of health insur- |
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| 23 | 23 | | ance for consumers. |
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| 24 | 24 | | Be it enacted by the Senate and House of Representa-1 |
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| 25 | 25 | | tives of the United States of America in Congress assembled, 2 |
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| 26 | 26 | | SECTION 1. SHORT TITLE. 3 |
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| 27 | 27 | | This Act may be cited as the ‘‘Health Care Afford-4 |
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| 28 | 28 | | ability Act of 2023’’. 5 |
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| 29 | 29 | | VerDate Sep 11 2014 21:02 Apr 05, 2023 Jkt 039200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\H1692.IH H1692 |
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| 30 | 30 | | pbinns on DSKJLVW7X2PROD with $$_JOB 2 |
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| 31 | 31 | | •HR 1692 IH |
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| 32 | 32 | | SEC. 2. IMPROVE AFFORDABILITY AND REDUCE PREMIUM 1 |
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| 33 | 33 | | COSTS OF HEALTH INSURANCE FOR CON-2 |
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| 34 | 34 | | SUMERS. 3 |
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| 35 | 35 | | (a) I |
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| 36 | 36 | | NGENERAL.—Section 36B(b)(3)(A)(i) of the In-4 |
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| 37 | 37 | | ternal Revenue Code of 1986 is amended to read as fol-5 |
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| 38 | 38 | | lows: 6 |
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| 39 | 39 | | ‘‘(i) I |
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| 40 | 40 | | N GENERAL.—Except as pro-7 |
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| 41 | 41 | | vided in clause (ii), the applicable percent-8 |
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| 42 | 42 | | age for any taxable year shall be the per-9 |
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| 43 | 43 | | centage such that the applicable percent-10 |
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| 44 | 44 | | age for any taxpayer whose household in-11 |
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| 45 | 45 | | come is within an income tier specified in 12 |
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| 46 | 46 | | the following table shall increase, on a slid-13 |
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| 47 | 47 | | ing scale in a linear manner, from the ini-14 |
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| 48 | 48 | | tial premium percentage to the final pre-15 |
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| 49 | 49 | | mium percentage specified in such table 16 |
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| 50 | 50 | | for such income tier: 17 |
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| 51 | 51 | | ‘‘In the case of household |
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| 52 | 52 | | income (expressed as |
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| 53 | 53 | | a percent of poverty line) |
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| 54 | 54 | | within the following income tier: |
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| 55 | 55 | | The initial |
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| 56 | 56 | | premium |
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| 57 | 57 | | percentage is— |
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| 58 | 58 | | The final |
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| 59 | 59 | | premium |
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| 60 | 60 | | percentage is— |
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| 61 | 61 | | Up to 150.0 percent ................................... 0.0 0.0 |
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| 62 | 62 | | 150.0 percent up to 200.0 percent ............. 0.0 2.0 |
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| 63 | 63 | | 200.0 percent up to 250.0 percent ............. 2.0 4.0 |
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| 64 | 64 | | 250.0 percent up to 300.0 percent ............. 4.0 6.0 |
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| 65 | 65 | | 300.0 percent up to 400.0 percent ............. 6.0 8.5 |
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| 66 | 66 | | 400.0 percent and higher ........................... 8.5 8.5’’. |
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| 67 | 67 | | (b) CONFORMINGAMENDMENTS.— 18 |
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| 68 | 68 | | VerDate Sep 11 2014 21:02 Apr 05, 2023 Jkt 039200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6201 E:\BILLS\H1692.IH H1692 |
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| 69 | 69 | | pbinns on DSKJLVW7X2PROD with $$_JOB 3 |
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| 70 | 70 | | •HR 1692 IH |
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| 71 | 71 | | (1) Section 36B(c)(1)(A) of the Internal Rev-1 |
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| 72 | 72 | | enue Code of 1986 is amended by striking ‘‘but does 2 |
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| 73 | 73 | | not exceed 400 percent’’. 3 |
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| 74 | 74 | | (2) Section 36B(b)(3)(A) of such Code is 4 |
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| 75 | 75 | | amended by striking clause (iii). 5 |
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| 76 | 76 | | (c) E |
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| 77 | 77 | | FFECTIVEDATE.—The amendments made by 6 |
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| 78 | 78 | | this section shall apply to taxable years beginning after 7 |
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| 79 | 79 | | December 31, 2022. 8 |
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| 80 | 80 | | Æ |
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| 81 | 81 | | VerDate Sep 11 2014 21:02 Apr 05, 2023 Jkt 039200 PO 00000 Frm 00003 Fmt 6652 Sfmt 6301 E:\BILLS\H1692.IH H1692 |
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| 82 | 82 | | pbinns on DSKJLVW7X2PROD with $$_JOB |
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