119th CONGRESS 1st Session |
To amend the Internal Revenue Code of 1986 to expand eligibility for the refundable credit for coverage under a qualified health plan.
January 9, 2025
Ms. Underwood (for herself, Ms. Castor of Florida, Ms. Schakowsky, Ms. DeGette, Mr. Grijalva, Ms. Pettersen, Ms. Barragán, Mr. Panetta, Mr. Hoyer, Ms. Norton, Ms. Titus, Mr. Morelle, Mr. Tonko, Ms. Moore of Wisconsin, Ms. Stevens, Ms. DelBene, Ms. Hoyle of Oregon, Mr. Johnson of Georgia, Ms. Budzinski, Mr. Pocan, Mr. Beyer, Mr. Horsford, and Mr. Amo) introduced the following bill; which was referred to the Committee on Ways and Means
To amend the Internal Revenue Code of 1986 to expand eligibility for the refundable credit for coverage under a qualified health plan.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
This Act may be cited as the “Health Care Affordability Act of 2025”.
SEC. 2. Increase in eligibility for credit.
(a) In general.—Subparagraph (A) of section 36B(c)(1) of the Internal Revenue Code of 1986 is amended by striking “but does not exceed 400 percent” .
(1) IN GENERAL.—Subparagraph (A) of section 36B(b)(3) of the Internal Revenue Code of 1986 is amended to read as follows:
“(A) APPLICABLE PERCENTAGE.—The applicable percentage for any taxable year shall be the percentage such that the applicable percentage for any taxpayer whose household income is within an income tier specified in the following table shall increase, on a sliding scale in a linear manner, from the initial premium percentage to the final premium percentage specified in such table for such income tier:
| “In the case of household income (expressed as a percent of poverty line) within the following income tier: | The initial premium percentage is— | The final premium percentage is— |
| Up to 150 percent | 0 | 0 |
| 150 percent up to 200 percent | 0 | 2.0 |
| 200 percent up to 250 percent | 2.0 | 4.0 |
| 250 percent up to 300 percent | 4.0 | 6.0 |
| 300 percent up to 400 percent | 6.0 | 8.5 |
| 400 percent and higher | 8.5 | 8.5.”. |
(2) CONFORMING AMENDMENTS RELATING TO AFFORDABILITY OF COVERAGE.—
(A) Paragraph (1) of section 36B(c) of such Code is amended by striking subparagraph (E).
(B) Subparagraph (C) of section 36B(c)(2) of such Code is amended by striking clause (iv).
(C) Paragraph (4) of section 36B(c) of such Code is amended by striking subparagraph (F).
(c) Effective date.—The amendments made by this section shall apply to taxable years beginning after December 31, 2025.