Bill 118 hr 10438, also known as the "Cost-Sharing Reduction Expansion Act," aims to increase cost-sharing reductions for qualified health plans offered through an Exchange. The bill seeks to make healthcare more affordable f...
or individuals by expanding the financial assistance available to those who purchase insurance through the Exchange.
Specifically, the bill proposes to lower the out-of-pocket costs for individuals enrolled in qualified health plans by increasing the amount of financial assistance provided for things like deductibles, copayments, and coinsurance. This would help to make healthcare more accessible and affordable for those who may struggle to afford these expenses.
In addition to expanding cost-sharing reductions, the bill also includes provisions for other purposes related to improving access to healthcare. While the specifics of these provisions are not outlined in the summary, it is clear that the overall goal of the bill is to make healthcare more affordable and accessible for individuals who purchase insurance through the Exchange.
Overall, the Cost-Sharing Reduction Expansion Act aims to address the financial barriers that may prevent individuals from accessing necessary healthcare services. By increasing financial assistance for qualified health plans offered through the Exchange, the bill seeks to improve the affordability of healthcare for those who need it most.