Bipartisan Bill to Protect Affordable Care Act Tax Credits Introduced

WASHINGTON, D.C. – Today, Congressmen Sam Liccardo (CA-16) and Kevin Kiley (CA-03) introduced the bipartisan Fix It Act to prevent a significant increase in healthcare costs for millions of Americans.

The Fix It Act would extend Affordable Care Act (ACA) premium tax credits for another two years — preventing 22 million Americans who rely on them from seeing a sudden spike in healthcare costs. To pay for the fix, the bill would crack down on Medicare Advantage waste, cap eligibility while protecting working-class recipients, and halt insurance fraud by unscrupulous brokers.

“We need to fix Washington, and the only way forward is a bipartisan agreement on healthcare,” said Liccardo. “Our bill offers a unique, innovative solution, drawing on proposals supported by members on both sides of the aisle and both houses of Congress. We have Republicans and Democrats ready to get this done— let’s fix this, together.”

“Our bipartisan legislation will assure Americans are spared from a massive increase in healthcare costs that is just around the corner,” Rep. Kiley said. “It provides a two-year extension for tax credits that 22 million Americans rely on, and does so in a fiscally responsible way – without increasing the deficit. This will provide short-term relief while we tackle broader reforms to lower the cost of care.”

A full fact sheet on the bill can be found here.

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