Capping Costs for Consumers Act of 2024

This bill modifies cost-sharing subsidies under the Affordable Care Act to increase coverage for certain income groups starting in 2026. It shifts the benchmark from "silver" to "gold" level plans for determining subsidies, raising insurer coverage from 70-85% to 85% for households earning 200-400% of the poverty line (with adjusted income thresholds). Specifically, for 2026 and later, people earning 150-300% of poverty will receive higher subsidies than current 2025 rules (which cover 150-200% at 87% coverage). The changes directly affect ACA marketplace enrollees with household incomes in these ranges, reducing their out-of-pocket costs through expanded insurer coverage.