Congressman Tim Ryan Statement on House Passage of Bill to Strengthen the Affordable Care Act
Washington, DC – Congressman Tim Ryan (OH-13) released the following statement today after the U.S. House of Representatives passed the Patient Protection & Affordable Care Enhancement Act, which builds on the Affordable Care Act to lower health costs and prescription drug prices: the Patient Protection and Affordable Care Enhancement Act.
“As President Trump continues to attack the Affordable Care Act and works to tear down protections for people with pre-existing conditions, I am proud to support this legislation that not only defends, but strengthens the ACA,” said Congressman Tim Ryan. “The coronavirus has reminded our nation of just how critical health care is to keep Americans safe. This legislation reduces health care costs, lowers prescription drug prices, and expands coverage to more Americans. While there is still much we need to do to improve our nation’s health care system, this legislation takes major steps forward and will be critical as we continue to combat the coronavirus.”
The bill negotiates for lower prescription drug prices, delivering the power to negotiate lower drug prices so that Americans no longer have to pay more for our medicines than Big Pharma charges for the same drugs overseas.
The bill significantly increases the ACA’s affordability subsidies to be more generous and cover more middle-class families. For the first time, no person will have to pay more than 8.5 percent of their income for a benchmark silver plan in the ACA marketplaces, and many Americans will see their premiums cut in half or more:
- A family of four earning $40,000 would save nearly $1,600 in premiums each year.
- A 64-year-old earning $57,420 would save more than $8,700 in premiums each year.
- A single adult with income of $31,900 would see premiums cut in half.
- An adult earning $19,140 would see premiums cut to zero, saving $800 dollars a year.
The bill expands coverage, pressing Medicaid expansion hold-out states with new incentives to adopt coverage for the 4.8 million Americans cruelly excluded from coverage. Additionally, it restores the outreach and advertising funding that the Trump Administration has slashed to prevent Americans from learning about the affordable health coverage available to them under the ACA.
The bill combats inequity in health coverage faced by communities of color, expanding more affordable coverage to vulnerable populations and fighting the maternal mortality epidemic by requiring states to extend Medicaid or CHIP coverage to new mothers for a full year post-partum.
The bill cracks down on junk plans & strengthens protections for people with pre-existing conditions, reversing the Trump Administration’s expansion of junk health insurance plans that do not provide coverage for essential medical treatments and drugs and that are allowed to discriminate against people with pre-existing medical conditions.
A fact sheet on the provisions of the Patient Protection and Affordable Care Enhancement Act is available here.