WASHINGTON, D.C. – Rep. Earl L. “Buddy” Carter (R-GA) today released the following statement after the House passed H.R. 6703, the Lower Health Care Premiums for All Americans Act, a bill lowering health care costs and providing American citizens with more affordable coverage:
“Liberal politicians like Jon Ossoff want to continue giving handouts to Big Insurance and illegal immigrants, making your health outcomes worse, instead of addressing the heart of the problem, which is that the UnAffordable Care Act isn’t working. Democrats spent years dismantling our health care system and causing an affordability crisis. With this vote, House Republicans began the hard work of undoing more than a decade of harm to patients nationwide. By driving down health insurance premiums, increasing pharmacy benefit manager transparency, and expanding affordable health care options, we are ensuring that American citizens have access to the high-quality health care they deserve at a rate they can afford.”
The Lower Health Care Premiums for All Act:
Lowers Premiums for all Americans
- Pharmacy Benefit Manager Transparency: Requires PBMs to provide employers with detailed data on prescription drug spending, rebates, spread pricing, and formulary decisions—empowering plans and workers with the transparency they deserve.
- Appropriates Cost Sharing Reduction Payments: Provides necessary funding for CSR payments beginning in 2027, lowering premiums and stabilizing the individual market while ensuring taxpayer dollars are used responsibly. Relief would be better directed towards low-income enrollees that need them.
Improves Health Care Options for America’s Workers
- Association Health Plans: Expands access to Association Health Plans by allowing employers—including self-employed workers—to band together across industries to purchase affordable, high-quality coverage.
- Access to Stop-Loss Insurance: Ensures small and mid-sized employers can protect themselves from catastrophic claims by clarifying that stop-loss insurance is not “health insurance coverage.” This would allow small businesses to offer their employees more tailored, affordable care.
- CHOICE Arrangements: Codifies and strengthens 2019 rules allowing employers to offer defined contributions for employees to purchase their own coverage—renamed as CHOICE arrangements—and permits employees to pay premiums pre-tax.
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