[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1692 Introduced in House (IH)]
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118th CONGRESS
1st Session
H. R. 1692
To amend the Internal Revenue Code of 1986 to improve affordability and
reduce premium costs of health insurance for consumers.
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IN THE HOUSE OF REPRESENTATIVES
March 22, 2023
Ms. Underwood (for herself, Mr. Allred, Ms. Barragan, Ms. Blunt
Rochester, Ms. Clarke of New York, Mr. Cohen, Ms. DeLauro, Ms. Lois
Frankel of Florida, Mr. Garcia of Illinois, Ms. Kuster, Ms. Manning,
Ms. Moore of Wisconsin, Ms. Pelosi, Mr. Pocan, Ms. Porter, Mr. Quigley,
Ms. Scanlon, Mr. Schiff, Ms. Schrier, Ms. Sewell, Mr. Soto, and Mr.
Trone) introduced the following bill; which was referred to the
Committee on Ways and Means
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A BILL
To amend the Internal Revenue Code of 1986 to improve affordability and
reduce premium costs of health insurance for consumers.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Health Care Affordability Act of
2023''.
SEC. 2. IMPROVE AFFORDABILITY AND REDUCE PREMIUM COSTS OF HEALTH
INSURANCE FOR CONSUMERS.
(a) In General.--Section 36B(b)(3)(A)(i) of the Internal Revenue
Code of 1986 is amended to read as follows:
``(i) In general.--Except as provided in
clause (ii), the applicable percentage for any
taxable year shall be the percentage such that
the applicable percentage for any taxpayer
whose household income is within an income tier
specified in the following table shall
increase, on a sliding scale in a linear
manner, from the initial premium percentage to
the final premium percentage specified in such
table for such income tier:
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``In the case of household income
(expressed as a percent of poverty The initial The final
line) within the following income premium premium
tier: percentage is-- percentage is--
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Up to 150.0 percent.................. 0.0 0.0
150.0 percent up to 200.0 percent.... 0.0 2.0
200.0 percent up to 250.0 percent.... 2.0 4.0
250.0 percent up to 300.0 percent.... 4.0 6.0
300.0 percent up to 400.0 percent.... 6.0 8.5
400.0 percent and higher............. 8.5 8.5''.
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(b) Conforming Amendments.--
(1) Section 36B(c)(1)(A) of the Internal Revenue Code of
1986 is amended by striking ``but does not exceed 400
percent''.
(2) Section 36B(b)(3)(A) of such Code is amended by
striking clause (iii).
(c) Effective Date.--The amendments made by this section shall
apply to taxable years beginning after December 31, 2022.
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