Source: “American Rescue Plan Act: Health Coverage Provisions Explained,” from the Center for Children and Families and the Center on Health Insurance Reforms at the Georgetown Health Policy Institute, March 11, 2021.The American Rescue Plan reduces the maximum income contribution households would need to pay for health insurance through the Affordable Care Act, limiting the top level to 8.5% of income.
Included in the $1.9 trillion American Rescue Plan (ARP) that President Biden signed into law last Thursday is an estimated $34 billion to fund the Affordable Care Act’s most significant expansion since Congress passed the ACA in 2010.
The new law is expected to extend health insurance coverage to about 2.5 million uninsured Americans, according to a recent analysis from the Congressional Budget Office.
“The American Rescue Plan will be the biggest coverage expansion in the 11-year history of the Affordable Care Act (ACA),” said a spokesperson for the federal Department of Health and Human Services. Now that the bill is signed into law, HHS will provide additional information about implementation. Continue reading
