Section 1 Short title
This Act may be cited as the “Protecting Health Care and Lowering Costs Act”.
Protecting Health Care and Lowering Costs Act
A BILL
To repeal the changes made by the health subtitle of the One Big Beautiful Bill Act, and for other purposes.
Sec. 2 Repeal of health subtitle changes
Subtitle B of title VII of the Act titled “An Act to provide for reconciliation pursuant to title II of H. Con. Res. 14” (Public Law 119–21) is repealed and any law or regulation referred to in such subtitle shall be applied as if such subtitle and the amendments made by such subtitle had not been enacted.
Sec. 3 Permanent extension of enhanced tax credit
In general— Subparagraph (A) of section 36B(c)(1) of the Internal Revenue Code of 1986 is amended by striking “but does not exceed 400 percent”.
Applicable percentages—
In general— Subparagraph (A) of section 36B(b)(3) of the Internal Revenue Code of 1986 is amended to read as follows:
“(A) Applicable percentage—The applicable percentage for any taxable year shall be the percentage such that the applicable percentage for any taxpayer whose household income is within an income tier specified in the following table shall increase, on a sliding scale in a linear manner, from the initial premium percentage to the final premium percentage specified in such table for such income tier:”
Conforming amendments relating to affordability of coverage—
Paragraph (1) of section 36B(c) of such Code is amended by striking subparagraph (E).
Subparagraph (C) of section 36B(c)(2) of such Code is amended by striking clause (iv).
Paragraph (4) of section 36B(c) of such Code is amended by striking subparagraph (F).
Effective date— The amendments made by this section shall apply to taxable years beginning after December 31, 2025.