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The Medicare for America Act of 2024 would establish a comprehensive federal health insurance program providing coverage to all U.S. residents and lawfully present individuals beginning in 2026, preceded by a transitional public health plan option in 2025–2026. The bill includes provisions for automatic enrollment, drug price regulation through a new review board, tax increases on high earners and certain products, and various healthcare reforms including abortion coverage, mental health parity, and safe staffing requirements. It would be funded through multiple revenue sources including income tax increases, payroll tax adjustments, and excise taxes on tobacco, alcohol, and sugared beverages.
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