Establishes a State public option through Medicaid for a high-quality, low-cost health insurance plan.
The State Public Option Act amends the Social Security Act to allow states to offer a Medicaid buy-in option for eligible individuals. This option provides a high-quality, low-cost health insurance plan through Medicaid. The Secretary of Health and Human Services will establish a program for advance determinations of income eligibility for premium tax credits and cost-sharing reductions. States can impose premiums and cost-sharing on eligible individuals, subject to certain limitations.
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