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To expand cost-sharing reductions with respect to qualified health plans offered through an Exchange, and for other purposes.
12/19/2024, 9:06 AM
Summary of Bill HR 10438
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 for 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.
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.
Current Status of Bill HR 10438
Bill HR 10438 is currently in the status of Bill Introduced since December 16, 2024. Bill HR 10438 was introduced during Congress 118 and was introduced to the House on December 16, 2024. Bill HR 10438's most recent activity was Referred to the Subcommittee on Health. as of December 17, 2024
Bipartisan Support of Bill HR 10438
Total Number of Sponsors
2Democrat Sponsors
2Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
1Democrat Cosponsors
1Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 10438
Primary Policy Focus
Alternate Title(s) of Bill HR 10438
To expand cost-sharing reductions with respect to qualified health plans offered through an Exchange, and for other purposes.
To expand cost-sharing reductions with respect to qualified health plans offered through an Exchange, and for other purposes.
Comments
Sponsors and Cosponsors of HR 10438
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