Policy Impact Analysis - 117/HR/7230

Bill Overview

Title: Family Health Care Affordability Act of 2022

Description: This bill modifies the requirement for determining the affordability of employer-sponsored minimum essential health care coverage under the Patient Protection and Affordable Care Act (PPACA). (Under current law, the coverage is unaffordable, and an employee may be eligible for premium assistance tax credits, if the employee's required contribution for an individual plan exceeds 9.5% of household income.) The bill specifies that, with respect to an employee's family members who are eligible to enroll in the plan, affordability must be determined using the cost of family coverage rather than individual coverage to expand the eligibility of families for premium assistance tax credits.

Sponsors: Rep. Wild, Susan [D-PA-7]

Target Audience

Population: Individuals receiving employer-sponsored health insurance worldwide

Estimated Size: 50000000

Reasoning

Simulated Interviews

teacher (Los Angeles, CA)

Age: 35 | Gender: female

Wellbeing Before Policy: 5

Duration of Impact: 10.0 years

Commonness: 10/20

Statement of Opinion:

  • Currently, it's really hard to cover the whole family under my employer's plan.
  • The change in law could mean more money in my pocket through tax credits.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 6 5
Year 2 7 5
Year 3 7 5
Year 5 8 5
Year 10 8 5
Year 20 8 5

engineer (Houston, TX)

Age: 45 | Gender: male

Wellbeing Before Policy: 7

Duration of Impact: 0.0 years

Commonness: 5/20

Statement of Opinion:

  • I’m glad families are getting more support, but it doesn’t change my situation as I don’t have dependents.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 7 7
Year 2 7 7
Year 3 7 7
Year 5 7 7
Year 10 7 7
Year 20 7 7

nurse (Chicago, IL)

Age: 50 | Gender: female

Wellbeing Before Policy: 6

Duration of Impact: 8.0 years

Commonness: 8/20

Statement of Opinion:

  • This could help me afford better healthcare for my child without sacrificing other needs.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 6 6
Year 2 7 6
Year 3 7 6
Year 5 7 6
Year 10 7 6
Year 20 7 6

software developer (New York, NY)

Age: 29 | Gender: male

Wellbeing Before Policy: 8

Duration of Impact: 0.0 years

Commonness: 7/20

Statement of Opinion:

  • I think the policy is great for families but it doesn't affect me.
  • The focus should maybe also cover some single individuals who are stretched.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 8 8
Year 2 8 8
Year 3 8 8
Year 5 8 8
Year 10 8 8
Year 20 8 8

accountant (Miami, FL)

Age: 38 | Gender: female

Wellbeing Before Policy: 4

Duration of Impact: 20.0 years

Commonness: 6/20

Statement of Opinion:

  • This is a huge relief as our family premiums are quite high and every bit of help counts.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 5 4
Year 2 6 4
Year 3 7 4
Year 5 8 4
Year 10 9 4
Year 20 9 4

retired (Denver, CO)

Age: 60 | Gender: male

Wellbeing Before Policy: 9

Duration of Impact: 0.0 years

Commonness: 6/20

Statement of Opinion:

  • This policy won't affect us as my children are no longer on the plan.
  • It's good for those still raising kids though.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 9 9
Year 2 9 9
Year 3 9 9
Year 5 9 9
Year 10 9 9
Year 20 9 9

lawyer (Philadelphia, PA)

Age: 42 | Gender: female

Wellbeing Before Policy: 6

Duration of Impact: 7.0 years

Commonness: 8/20

Statement of Opinion:

  • With our income, even small help can improve our financial stress regarding healthcare.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 6 6
Year 2 7 6
Year 3 7 6
Year 5 7 6
Year 10 8 6
Year 20 8 6

bartender (Seattle, WA)

Age: 24 | Gender: male

Wellbeing Before Policy: 5

Duration of Impact: 0.0 years

Commonness: 6/20

Statement of Opinion:

  • I'm glad that families can get more help but it doesn't impact me directly.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 5 5
Year 2 5 5
Year 3 5 5
Year 5 5 5
Year 10 5 5
Year 20 5 5

sales manager (Atlanta, GA)

Age: 33 | Gender: female

Wellbeing Before Policy: 7

Duration of Impact: 5.0 years

Commonness: 9/20

Statement of Opinion:

  • This change doesn’t impact us right now as we don’t have kids but it’s positive for future planning.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 7 7
Year 2 7 7
Year 3 7 7
Year 5 7 7
Year 10 7 7
Year 20 7 7

electrician (San Francisco, CA)

Age: 37 | Gender: male

Wellbeing Before Policy: 5

Duration of Impact: 10.0 years

Commonness: 7/20

Statement of Opinion:

  • The cost of living here is so high that any support like this helps significantly.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 6 5
Year 2 7 5
Year 3 7 5
Year 5 7 5
Year 10 8 5
Year 20 8 5

Cost Estimates

Year 1: $4500000000 (Low: $4000000000, High: $5000000000)

Year 2: $4600000000 (Low: $4100000000, High: $5100000000)

Year 3: $4700000000 (Low: $4200000000, High: $5200000000)

Year 5: $4800000000 (Low: $4200000000, High: $5400000000)

Year 10: $5000000000 (Low: $4300000000, High: $5600000000)

Year 100: $5500000000 (Low: $4700000000, High: $6000000000)

Key Considerations