United States 118th Congress Status: In Committee 16 D cosponsors

S 8 — Improving Health Insurance Affordability Act of 2023

Last action — Read twice and referred to the Committee on Finance.

  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed House
  5. 5
    To Executive
  6. 6
    Enacted

This bill died with 118th Congress. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Summary

Improving Health Insurance Affordability Act of 2023 This bill expands the eligibility of taxpayers for the refundable tax credit for coverage under a qualified health plan and increases cost-sharing subsidies under the Patient Protection and Affordable Care Act.

Bill Text

How this bill changes current law

11 changes Share ↗

Compared against current U.S. Code AI-generated reading aid — verify against the official bill.

The bill enhances cost-sharing reductions and expands eligibility for health insurance premium tax credits under the Affordable Care Act, significantly increasing the income thresholds for subsidies.

  • 42 U.S.C. 18071(c)(2)

    150 percent → 200 percent

    Increases the household income threshold for the maximum cost-sharing reduction eligibility.

  • 42 U.S.C. 18071(c)(2)

    94 percent → 95 percent

    Increases the share of total allowed costs covered by the plan for lower-income insureds.

  • 42 U.S.C. 18071(c)(2)

    150 percent but not more than 200 percent → 200 percent but not more than 300 percent

    Extends the income category for receiving higher cost-sharing reductions.

  • 42 U.S.C. 18071(c)(2)

    87 percent → 90 percent

    Increases the coverage amount for specific income tiers.

  • 42 U.S.C. 18071(c)(2)

    200 percent → 300 percent

    Raises the income limit for certain cost-sharing benefits.

  • 42 U.S.C. 18071(c)(2)

    250 percent → 400 percent

    Broadens the upper limit for receiving cost-sharing reductions.

  • 42 U.S.C. 18071(c)(2)

    73 percent → 85 percent

    Increases the percentage of costs covered under specified income tiers.

  • 42 U.S.C. 18071(c)(1)(B)

    87 percent → 90 percent

    Adjusts the maximum actuarial value for coverage under the amended rules.

  • 42 U.S.C. 18071(b)(1)

    silver → gold

    Changes the health plan coverage level from silver to gold for eligibility determinations.

  • 42 U.S.C. 18071(c)(1)(B)

    73 percent → 85 percent

    Adjusts actuarial values associated with higher income households.

  • 42 U.S.C. 18071(f)

    Out of any funds in the Treasury not otherwise appropriated, there are appropriated to the Secretary such sums as may be necessary for payments under this section.

    Provides funding authority for making payments under the cost-sharing reductions.

Action History

  1. Introduced in Senate

  2. Read twice and referred to the Committee on Finance.

Sponsors

Sponsorship breakdown

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1 sponsors · 15 co-sponsors · 531 not signed on

Sponsors (1)

Co-sponsors (15)

Not signed on (531)

531 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

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Subjects

taxation health-insurance
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Frequently asked questions

What does S 8 do?
Improving Health Insurance Affordability Act of 2023 This bill expands the eligibility of taxpayers for the refundable tax credit for coverage under a qualified health plan and increases cost-sharing subsidies under the Patient Protection and Affordable Care Act.
Who sponsors S 8?
S 8 is sponsored by Blumenthal, Richard (Democratic), Smith, Tina (Democratic), Baldwin, Tammy (Democratic), Kaine, Tim (Democratic), Reed, Jack (Democratic), Casey, Robert P., Jr. (Democratic), Stabenow, Debbie (Democratic), Klobuchar, Amy (Democratic), Cardin, Benjamin L. (Democratic), Hassan, Margaret Wood (Democratic), Bennet, Michael F. (Democratic), Cortez Masto, Catherine (Democratic), Gillibrand, Kirsten E. (Democratic), Rosen, Jacky (Democratic), Butler, Laphonza R. (Democratic), and Shaheen, Jeanne (Democratic).
What is the current status of S 8?
This bill died with 118th Congress. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track S 8?
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