S. 1886, The Every American Insured Health Act

• This item is from the 110th Congress (2007-2008) and is no longer current. Comments, voting, and wiki editing have been disabled, and the cost/savings estimate has been frozen.

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S. 1886 would provide a refundable and advanceable credit for health insurance through the Internal Revenue Code of 1986, to provide for improved private health insurance access and affordability.

Detailed Summary

Every American Insured Health Act - Amends the Internal Revenue Code to: (1) allow uninsured individual taxpayers and their spouses and dependents a refundable tax credit for a limited amount of their health insurance costs; (2) direct the Secretary of the Treasury to establish a program for payment of health insurance costs by advancing health insurance tax credit amounts to insurance providers during the taxable year; and (3) limit the availability of certain tax preferences for individuals eligible for the health insurance tax credit.

Amends the Social Security Act to require the Secretary of Health and Human Services (HHS) to deem whether a state has taken efforts to provide its citizens with greater access to affordable private health insurance, including by establishing a state health insurance exchange, a high risk pool, a reinsurance mechanism, or other high risk solution. Sets forth requirements for certification of a state health insurance exchange.

Amends Title XIX (Medicaid) of the Social Security Act to expand Medicaid health opportunity accounts to all states as of January 1, 2008.

Status of the Legislation

Latest Major Action: 7/26/2007: Referred to Senate committee. Status: Read twice and referred to the Committee on Finance.

Points in Favor

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Points Against

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