S. 3 - Keeping Health Insurance Affordable Act of 2019

116TH CONGRESS
1ST SESSION

S. 3

To bring stability to the individual insurance market,
make insurance coverage more affordable, lower prescription
drug prices, and improve Medicaid.

IN THE SENATE OF THE UNITED STATES

JANUARY 3, 2019

Mr. CARDIN introduced the following bill; which was read twice
and referred to the Committee on Finance

A BILL

To bring stability to the individual insurance market, make insurance coverage more affordable, lower prescription drug prices, and improve Medicaid.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. SHORT TITLE; TABLE OF CONTENTS.

(a) SHORT TITLE. — This Act may be cited as the "Keeping Health Insurance Affordable Act of 2019".

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TITLE II — HEALTH CARE FINANCIAL ASSISTANCE

SEC. 201. INCREASE IN ELIGIBILITY FOR PREMIUM ASSISTANCE TAX CREDITS.

(a) IN GENERAL. — Subparagraph (A) of section 36B(c)(1) of the Internal Revenue Code of 1986 is amended by striking "400 percent" and inserting "600 percent".

(b) CONFORMING AMENDMENT. — The table contained in clause (i) of section 36B(b)(3)(A)(i) of the Internal Revenue Code of 1986 is amended by striking "400%" and inserting "600%".

(c) RECONCILIATION OF CREDIT AND ADVANCE CREDIT. — Clause (i) of section 36B(f)(2)(B) of the Internal Revenue Code of 1986 is amended —

(1) by striking "In the case of" and all that follows through "the amount of" and inserting "The amount of"; and

(2) by striking "but less than 400%" in the table.

(d) EFFECTIVE DATE. — The amendments made by this section shall apply to taxable years beginning after December 31, 2018.

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