Deal to extend ObamaCare subsidies faces uphill battle despite GOP optimism
Republicans propose expanding health savings accounts as an alternative to costly ACA subsidies, which have reduced enrollees' out-of-pocket premiums from 36% to 17%, experts say.
- Recently, Senate Republicans offered a fallback bill expanding health savings accounts as an alternative to pandemic-era premium subsidies, rejecting another long-term entitlement amid high federal debt.
- During the COVID-era, subsidy rules expanded, and the out-of-pocket share for subsidized enrollees fell from about 36 to 17%, as noted by Tony LoSasso and Kosali Simon.
- A General Accounting Office analysis found rampant enrollment fraud potentially costing American taxpayers billions, while analysts estimate extending subsidies could cost $500 billion over the next decade.
- Democrats recently shut down the government for six weeks to pressure Republicans to extend temporary subsidies, but a bipartisan group of senators still believes a compromise is possible.
- The Washington Post reported Stacy Newton's family in Jackson Hole could face a $43,000 premium if subsidies lapse, though buyers on ACA exchanges keep help codified in law.
8 Articles
8 Articles
How the GOP has conned America for 40 years
The Washington Post published an article this week titled A Middle-Class Family’s Only Option: A $43,000 Health Insurance Premium about how the GOP’s refusal to extend ACA/Obamacare subsidies means that Stacy Newton’s family in Jackson Hole, Wyoming will have to pay $43,000 a year for health insurance if they want to stay covered.If, however, the United States had an extra trillion dollars a year — the amount we’re now spending every year on int…
The GOP health care onslaught is horrifying but the way they got us here is worse
The Washington Post published an article this week titled A Middle-Class Family’s Only Option: A $43,000 Health Insurance Premium about how the GOP’s refusal to extend ACA/Obamacare subsidies means that Stacy Newton’s family in Jackson Hole, Wyoming will have to pay $43,000 a year for health insurance if they want to stay covered.If, however, the United States had an extra trillion dollars a year — the amount we’re now spending every year on int…
Deal to extend ObamaCare subsidies faces uphill battle despite GOP optimism
A key GOP senator is expressing optimism that Republicans and Democrats will agree to a deal that would extend expiring health care subsidies, but the effort faces an uphill climb in winning the backing of leaders in both parties. Without a deal, health insurance premiums are projected to spike by double digits next month, yet [...]
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