Sen. Elizabeth Warren, D-Mass., introduced the Consumer Health Insurance Protection Act to increase affordability and competition on the ACA marketplaces March 21.
Here's what you should know.
1. The act would allow individuals to qualify for additional subsidies and would cap individual payments at 8.5 percent of a person's total income.
2. Ms. Warren's proposal has four major goals: increase insurance affordability, provide new consumer protections, safeguard the ACA from President Trump's administration and ensure private payer participation in the ACA.
3. Ms. Warren said the plan is a standalone option and is not an alternative to more ambitious proposals, like the one introduced by Sen. Bernie Sanders, I-Vt.
4. Mr. Sanders along with Sens. Kamala Harris, D-Calif., Maggie Hassan, D-N.H., Kirsten Gillibrand, D-N.Y., and Tammy Baldwin, D-Wis., are all co-sponsors of Ms. Warren's legislation.