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Elizabeth Warren's health care proposal would limit premiums to 8.5 percent of income

Warren's Consumer Health Insurance Protection Act, would provide more financial assistance to people who buy health insurance on their own.

Elizabeth Warren While Sen. Warren is still an advocate for a single-payer system, she views the proposed bill more as an intermediary measure. (Photo: Eric Thayer/Bloomberg)

Senator Elizabeth Warren, D-MA, has a plan to increase consumer subsidies for health coverage and to make coverage more reliable. These are just two goals of the bill she introduced on Wednesday.

The Huffington Post reports that the legislation, called the Consumer Health Insurance Protection Act, would provide more financial assistance to people who buy health insurance on their own. It would also allow more people to qualify for that assistance. Nobody would have to pay more than 8.5 percent of income on premiums.

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Marlene Satter

Marlene Satter

Marlene Y. Satter has worked in and written about the financial industry for decades.

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