The health care tax credits are set to expire at the end of 2025.
Republican U.S. Representative Brian Fitzpatrick of Bucks County, along with seven other Members, introduced a bipartisan measure that would extend expiring health care tax credits.
The tax credits are set to expire at the end of 2025. Thousands in Pennsylvania would be impacted by their expiration.
The Bipartisan Health Insurance Affordability Act was introduced in the House on December 9.
“From the outset, I am committed to delivering a bipartisan solution to prevent devastating premium spikes – today, we are doing exactly that. Our bill keeps the ACA’s premium tax credits in place, so families are not blindsided with unaffordable increases in the care they depend on,” said Fitzpatrick in a news release.
Republican Representative Rob Bresnahan of Pennsylvania joined Fitzpatrick in introducing the legislation.
Republican Representatives Don Bacon of Nebraska, and Nicole Malliotakis of New York joined the bill. Democratic Representatives Jared Golden of Maine, Tom Suozzi of New York, Marie Gluesenkamp Perez of Washington, and Don Davis of North Carolina also cosponsored the legislation.
Fitzpatrick’s proposal extends the popular tax credits, but would also require consumer consent before any plan or subsidy changes could take effect. The legislation aims to “end hidden pricing” by severing Pharmacy Benefit Manager profits from drug prices.
The legislation would also expand access to Health Savings Accounts.
Fitzpatrick is facing criticism from Democrats seeking to unseat him this coming election. The Democratic party has circulated a discharge petition that would extend the expiring subsidies for another three years.
Fitzpatrick, in pursuit of his own legislation to extend the subsidies, has not signed the petition. No Republicans have joined the petition, which now has 214 signatures.
