US EditionSticker Shock: Obamacare Customers Confront Premium Spikes as Congress Dithers
Senate Republicans oppose extending pandemic-era ACA subsidies, risking premium spikes for over 20 million Americans as enrollment deadlines approach.
- On Dec. 11, Senate Republicans blocked bills to extend enhanced premium tax credits, and the U.S. Senate rejected Democrats' maintenance plan, creating a Dec. 31 cliff for more than 20 million Americans.
- Political and policy splits on the Hill persist as Republican senators, including Senate Majority Leader John Thune, object to unlimited income eligibility and free coverage, while lawmakers propose differing subsidy extensions.
- KFF projects monthly premiums for 22 million Americans will rise 114%, and Leslie Smith, a 64-year-old Arizona resident, faces a $948 monthly bill, up $368.
- People must choose an ACA plan by Dec. 15 for Jan. 1 coverage, while most state ACA marketplaces prepare contingency plans and automatically reenroll about 4.8 million returning customers.
- Once premiums spike, younger, healthier enrollees may forgo coverage, raising costs and uninsured rates, while more than 4 million Florida residents rely on subsidies and enrollment figures remain uncertain compared to last year's about 24 million, with CMS reporting 949,450 new sign-ups this year.
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Sticker Shock: Obamacare Customers Confront Premium Spikes as Congress Dithers
We’ve been here before: congressional Democrats and Republicans sparring over the future of the Affordable Care Act. But this time there’s an extra complication. Though it’s the middle of open enrollment, lawmakers are still debating whether to extend the subsidies that have given consumers extra help paying their health insurance premiums in recent years. The circumstances have led to deep consumer concerns about higher costs and fears of polit…
The GOP’s Obamacare price spike: Heath care costs are going up, just as the Democrats feared
At long last, surprising no one, Senate Republicans have blocked bills to extend Obamacare subsidies, sidestepping one more chance to address the issue careening towards a Dec. 31 cliff after which premiums for more than 20 million Americans will skyrocket. So the Democrats were right and this was the point of the longest-ever government shutdown, but they gave in only for the promise of a vote, and now have little leverage. There is a bipartisa…
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