One Big Beautiful Bill

 

On July 4, President Trump signed H.R. 1, often referred to as the One Big Beautiful Bill Act, into law. The massive budget reconciliation package marks a significant shift in federal health care policy. Along with a $5 trillion hike of the national debt limit, an extension of the 2017 Tax Cuts and Jobs Act, elimination of taxes on tipped and overtime income for some earners, and increased border security and defense spending, the law is offset by significant cuts to spending on federal programs including Medicaid, the Supplemental Nutrition Assistance Program, student loan support, and green energy initiatives.

Teaser Image
White House

Featured One Big Beautiful Bill Related Resources

Issue Brief: Extension of Affordable Care Act Enhanced Premium Tax Credits

Enhanced Patient Protection and Affordable Care Act (ACA) premium tax credits (PTCs) will expire on Dec. 31, 2025, threatening a loss of health insurance coverage and increased premium rates for millions of Americans. Congress established PTCs to assist eligible households with reducing their premium payments for qualified health plans offered through health insurance exchanges. Originally limited to households with incomes between 100% and 400% of the federal poverty level (FPL), the premium tax credit was expanded in 2021 by eliminating the maximum income limit of 400% and reducing the applicable percentage utilized in calculating the premium contribution, leading to increased support to cover the cost of their insurance.
One Big Beautiful Bill

Published One Big Beautiful Bill Related Resources

Issue Brief: Extension of Affordable Care Act Enhanced Premium Tax Credits

Enhanced Patient Protection and Affordable Care Act (ACA) premium tax credits (PTCs) will expire on Dec. 31, 2025, threatening a loss of health insurance coverage and increased premium rates for millions of Americans. Congress established PTCs to assist eligible households with reducing their premium payments for qualified health plans offered through health insurance exchanges. Originally limited to households with incomes between 100% and 400% of the federal poverty level (FPL), the premium tax credit was expanded in 2021 by eliminating the maximum income limit of 400% and reducing the applicable percentage utilized in calculating the premium contribution, leading to increased support to cover the cost of their insurance.
One Big Beautiful Bill
White House

H.R.1 Implementation Timeline

President Trump signed H.R.1, Republicans’ “big, beautiful” reconciliation bill, into law on July 4, 2025. Starting from that date, the law lays out effective dates and implementation dates for its numerous health provisions over the next few years, and beyond.
One Big Beautiful Bill, Legislation & Regulation