Health Care Affordability Act of 2024

Hozzl · 2024-12-19T09:06:11Z

Explore the details of House Bill 9774 Health Care Affordability Act of 2024 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Taxation. Stay informed on legislative developments.

12/19/2024, 9:06 AM

Summary of Bill HR 9774

Bill 118 hr 9774, also known as the Health Care Affordability Act of 2024, aims to address the rising costs of healthcare in the United States. The bill focuses on making healthcare more affordable for all Americans by implementing various measures.

One key provision of the bill is the expansion of subsidies for individuals and families purchasing health insurance through the Affordable Care Act marketplace. This would help lower-income individuals afford coverage and reduce out-of-pocket costs for those already enrolled in ACA plans.

Additionally, the bill includes measures to lower prescription drug prices by allowing Medicare to negotiate with pharmaceutical companies for lower prices. This would help reduce the financial burden on seniors and individuals with chronic conditions who rely on expensive medications. Furthermore, the Health Care Affordability Act of 2024 aims to increase access to mental health services by expanding coverage for mental health and substance abuse treatment. This would help address the growing mental health crisis in the country and ensure that individuals receive the care they need. Overall, the bill seeks to make healthcare more affordable and accessible for all Americans, regardless of income or pre-existing conditions. It represents a step towards improving the healthcare system in the United States and ensuring that everyone has access to quality care.

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Current Status of Bill HR 9774

Bill HR 9774 is currently in the status of Bill Introduced since September 24, 2024. Bill HR 9774 was introduced during Congress 118 and was introduced to the House on September 24, 2024. Bill HR 9774's most recent activity was Referred to the Subcommittee on Health. as of December 17, 2024

Bipartisan Support of Bill HR 9774

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Unaffiliated Sponsors

Total Number of Cosponsors

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Policy Area and Potential Impact of Bill HR 9774

Primary Policy Focus

Taxation

Alternate Title(s) of Bill HR 9774

Health Care Affordability Act of 2024Health Care Affordability Act of 2024To amend the Internal Revenue Code of 1986 to expand eligibility for the refundable credit for coverage under a qualified health plan.

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