Bloomberg Law
Nov. 24, 2021, 10:15 AM

Employers Warn of Health Coverage Risk in Biden Plan Provision

Sara Hansard
Sara Hansard

A little-noticed provision of the House-passed Build Back Better Act that would lower the share of health-care premiums employees must pay could jeopardize company-sponsored plans, pushing millions of workers into Medicaid or Obamacare coverage, according to employer groups and the Congressional Budget Office.

The roughly $2 trillion bill (H.R. 5376), which passed the House 220-213 and faces an uncertain fate in the Senate, includes a provision that would lower the share of premiums employees have to pay for coverage deemed affordable and adequate under the Affordable Care Act to 8.5% of household income for 2022-25.

Right now, the ...

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