Protecting Health Care and Lowering Costs Act
Sen. Schumer Introduces Bill to Permanently Lower Health Insurance Premiums for Millions
Stalled
No legislative action in over 90 days.
This bill was recently introduced in the Senate and is currently being reviewed by the Committee on Finance. It is in the early stages of the lawmaking process and no further actions are scheduled at this time. The bill is considered active as it waits for the committee to decide on its next steps.
Part of: story →Legislative Progress
While the bill has nearly every Democrat behind it, it lacks Republican support and aims to undo a law passed by the other party, which is difficult in a divided Congress.
Key Points
Impact Analysis
Personal Impact
Life & Work
Small business owners who buy their own health insurance through the marketplace (rather than getting employer coverage) would benefit from permanently lower premiums. Many self-employed people and small business owners rely on ACA marketplace plans, and the enhanced subsidies make those plans significantly more affordable. The removal of the income cap is especially helpful for business owners whose income fluctuates year to year.
Programs
Disabilities
Milestones
Read twice and referred to the Committee on Finance. (text: CR S4908)
Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.
Introduced in Senate
The bill was officially filed and given a number. It now enters the legislative queue.
Votes
No votes have been recorded for this legislation yet.
News
No related news coverage found for this legislation yet.
Source Information
Document Type
Congressional Bill
Official Title
Protecting Health Care and Lowering Costs Act
Data Sources
Sponsor
Cosponsors
(46)Analysis generated by AI. Always verify with official sources.