H.R. 10188, titled the "Capping Costs for Consumers Act of 2024," aims to increase assistance for individuals purchasing health insurance through an Exchange by expanding cost-sharing reductions. Starting in 2026, it adjusts the eligibility income brackets and increases the percentage of...
Simple Explanation
The Capping Costs for Consumers Act of 2024 is a plan to help people pay for health insurance by making it cheaper for some folks and changing the type of insurance plan that helps people get money back. Starting in 2026, it plans to switch from a "silver" plan to a "gold" plan to decide how much help people get, kind of like upgrading from silver to gold medals to make sure everyone's covered better.