To amend the Internal Revenue Code of 1986 to take certain Medicare premiums of household members into account in determining the health care insurance premiums tax credit.
Latest Action
Referred to the Subcommittee on Health.
Official Summary
Official summary has not been imported yet.
GovScope Watchdog™
AI Government Intelligence™This bill, H.R. 7017 from the 118th Congress, proposes an amendment to the Internal Revenue Code of 1986. It aims to modify the calculation of the health care insurance premiums tax credit by including certain Medicare premiums paid by household members. The bill was referred to the House Subcommittee on Health but has since failed or expired. No full text or official summary is available, limiting detailed analysis.
H.R. 7017 sought to adjust tax credit calculations by accounting for Medicare premiums of household members but did not advance beyond subcommittee referral and is now expired.
- The bill targets the Internal Revenue Code of 1986 to change how health care insurance premium tax credits are determined.
- It specifically includes certain Medicare premiums paid by household members in the calculation of these tax credits.
- The bill was referred to the House Subcommittee on Health on December 17, 2024, and subsequently failed or expired without further action.
['Households with members paying Medicare premiums who seek health care insurance premium tax credits', 'Taxpayers eligible for the health care insurance premiums tax credit', 'Potentially the Centers for Medicare & Medicaid Services (CMS) due to administrative implications']
['Lack of detailed bill text and official summary limits clarity on implementation specifics and administrative burden', 'Potential complexity in verifying and integrating Medicare premium payments of household members into tax credit calculations', 'Unclear fiscal impact or cost implications due to absence of budgetary analysis', 'Oversight mechanisms for ensuring accurate premium accounting are not specified']
The bill was introduced in the House during the 118th Congress and referred to the Subcommittee on Health. It relates to ongoing legislative efforts to refine health care tax credits and Medicare-related provisions. The bill did not progress beyond subcommittee referral and is recorded as failed or expired as of December 2024.
Hidden impact flags detected: 2
GovScope reviewed 2 policy-risk categories. Hover for a quick definition. Click detected flags for bill-specific details.
['Potential increase in administrative workload for IRS and CMS to verify Medicare premium payments within households', 'Possible changes in taxpayer behavior regarding reporting of Medicare premiums to maximize tax credits', 'Could influence health insurance premium affordability calculations and enrollment decisions']
The absence of a full bill text and official summary limits comprehensive transparency and oversight analysis. The bill's failure to advance beyond subcommittee referral reduces immediate oversight urgency but highlights the need for detailed legislative documentation to assess policy and fiscal impacts fully.
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