Legislation Improves Affordable Care Act &
Would Help Lower Costs for Older Granite Staters
WASHINGTON – Today, Senator Maggie Hassan (D-NH) joined Senators Dianne Feinstein (D-CA), Elizabeth Warren (D-MA), Tammy Baldwin (D-WI), and Kamala Harris (D-CA) in introducing a bill to help make health care coverage more affordable for hard-working, middle class Granite Staters.
The common-sense legislation helps improve the Affordable Care Act by eliminating the cliff that currently blocks many middle-class individuals and families from receiving financial help to purchase insurance through the marketplace.
“We need to work together to strengthen the Affordable Care Act and bring health care costs down for hard-working people,” said Senator Maggie Hassan. “This bill is a common-sense step that will help to bring down the cost of premiums for middle class Granite Staters on the exchange, allowing more people to access affordable coverage and making our people and our communities stronger.”
Under current law, individuals and families making just one dollar more than 400 percent of the federal poverty level ($47,520 for an individual, $80,640 for a family of three) receive no financial assistance in purchasing health insurance in the marketplace. This sharp cut-off contributes to affordability issues in individual markets nationwide.
This legislation would make it so no individual or family in New Hampshire would pay more than 9.69 percent of their monthly income toward health insurance premiums. Currently, 9.69 percent of monthly income is the maximum contribution households are required to make toward their health plan if they make between 300 and 400 percent of the federal poverty level.
“While President Trump and Congressional Republicans seek to take away health care from 23 million Americans, real health care champions like Senator Maggie Hassan are seeking ways to strengthen the Affordable Care Act and make coverage more affordable for Granite State families,” said Zandra Rice-Hawkins, Executive Director of Granite State Progress. “We need more elected officials like Sen. Hassan seeking solutions instead of the politicians promoting a failed Trumpcare 2.0 agenda that targets those with pre-existing conditions and puts at risk coverage for our families and small businesses.”
“We thank Senator Hassan for her work to ensure all Americans have access to the quality, affordable health care coverage they need to be healthy and economically secure,” Rice-Hawkins added.
The senators’ proposal would be particularly beneficial to individuals aged 50 to 64, given that plans are more expensive for older individuals.