Introduced by Reps. Underwood, Gomez, O’Halleran, Legislation Would Lower Health Insurance Premiums

Washington, DC — Today, Representatives Lauren Underwood (IL-14), Jimmy Gomez (CA-34) and Tom O’Halleran (AZ-01) introduced the Health Care Affordability Act of 2021. The legislation would expand access to quality, affordable health care by increasing the size of the tax credits in the Health Insurance Marketplace, and making tax credits available to more people, lowering health insurance premiums and out-of-pocket costs for Americans. These policies passed the House in June 2020, and were included in President Biden’s American Rescue Plan. In response, Protect Our Care Chair Leslie Dach issued the following statement: 

“This legislation takes bold steps to ensure families are able to afford the health insurance they need by making sure people will not pay more than 8.5 percent of their income for coverage. Making health insurance more affordable and accessible is especially important because of the coronavirus pandemic, when millions of Americans have lost their jobs and their health insurance. This bill builds on the strong foundation of the Affordable Care Act by lowering skyrocketing health care costs and making quality, affordable health insurance available to millions. Congress should include this legislation in its next COVID relief package by adopting this key piece of President Biden’s American Rescue Plan.”