Bill 119 HR 247 aims to make changes to the Internal Revenue Code of 1986 in order to broaden the eligibility criteria for the refundable credit for coverage under a qualified health plan. This credit is designed to help individuals afford health insurance by providing a refundable tax credit.
The proposed changes in this bill would allow more individuals to qualify for this credit, potentially increasing access to affordable health insurance for a larger portion of the population. By expanding eligibility, the bill seeks to address the issue of healthcare affordability and improve access to healthcare services for more Americans.
Overall, Bill 119 HR 247 is focused on making healthcare more accessible and affordable for individuals by expanding eligibility for the refundable credit for coverage under a qualified health plan. This bill is an important step towards improving healthcare access and affordability in the United States.