Extends larger health insurance premium tax credits for marketplace plans through 2028

§1What it does

Why this matters: A plain-English description of the bill as it was voted on, written by us from the official summary and text.

✎ Drafted by AI from the public sources cited. Each sentence links to its source.

This bill would extend through 2028 the larger premium tax credits for health insurance bought through the marketplaces, also called exchanges, that were in effect from 2021 through 2025 under the American Rescue Plan Act and the Inflation Reduction Act.^2,3 It would keep the removal of the income cap, normally 400% of the federal poverty level, so households above that level could still qualify, and would keep the lower share of household income that people are expected to pay toward premiums.³ The Senate vote was on cloture, a motion to end debate so the Senate could take up the bill, and it did not get enough votes to pass.³

§2Status

§3How Congress voted

Why this matters: The official count.