S. 30 - Fair Indexing for Health Care Affordability Act

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 Protection and Affordable Care Act.

IN THE SENATE OF THE UNITED STATES

JANUARY 22, 2021

Mrs. SHAHEEN (for herself, Mr. MURPHY, Mr. BLUMENTHAL,
and Ms. BALDWIN) introduced the following bill; which was
read twice and referred to the Committee on _____

A BILL

To set forth a method of determining maximum out-of-pocket limits and annual updates to premium tax credit eligibility under the Patient Protection and Affordable Care Act.

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 "Fair Indexing for Health Care Affordability Act".

SEC. 2. PREMIUM ADJUSTMENT PERCENTAGE.

(a) IN GENERAL. — Section 1302(c)(4) of the Patient Protection and Affordable Care Act (42 U.S.C. 18022(c)(4)) is amended by striking "calendar year)" and inserting "calendar year, based on estimates and projections of changes for the applicable year in the average per enrollee employer-sponsored insurance premiums provided by the National Health Expenditure Accounts)".

(b) EFFECTIVE DATE. — The amendment made by subsection (a) shall take effect on January 1, 2022.