Fair Indexing for Health Care Affordability Act

II 117TH CONGRESS 1ST SESSION S. 30 To set forth a method of determining maximum out-of-pocket limits and annual updates to premium tax credit eligibility under the Patient Protec- tion and Affordable Care Act. IN THE SENATE OF THE UNITED STATES JANUARY 22, 2021 Mrs. SHAHEEN (for herself, Mr. MURPHY, Mr. BLUMENTHAL, and Ms. BALD- WIN) introduced the following bill; which was read twice and referred to the Committee on Health, Education, Labor, and Pensions A BILL To set forth a method of determining maximum out-of-pocket limits and annual updates to premium tax credit eligi- bility under the Patient Protection and Affordable Care Act. Be it enacted by the Senate and House of Representa- 1 tives of the United States of America in Congress assembled, 2 SECTION 1. SHORT TITLE. 3 This Act may be cited as the ‘‘Fair Indexing for 4 Health Care Affordability Act’’. 5 SEC. 2. PREMIUM ADJUSTMENT PERCENTAGE. 6 (a) IN GENERAL.—Section 1302(c)(4) of the Patient 7 Protection and Affordable Care Act (42 U.S.C. 8 VerDate Sep 11 2014 22:38 Feb 04, 2021 Jkt 019200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\S30.IS S30 kjohnson on DSK79L0C42PROD with BILLS 2 •S 30 IS 18022(c)(4)) is amended by striking ‘‘calendar year)’’ and 1 inserting ‘‘calendar year, based on estimates and projec- 2 tions of changes for the applicable year in the average per 3 enrollee employer-sponsored insurance premiums provided 4 by the National Health Expenditure Accounts)’’. 5 (b) EFFECTIVE DATE.—The amendment made by 6 subsection (a) shall take effect on January 1, 2022. 7 Æ VerDate Sep 11 2014 22:38 Feb 04, 2021 Jkt 019200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6301 E:\BILLS\S30.IS S30 kjohnson on DSK79L0C42PROD with BILLS