An emerging shutdown deal doesn't extend expiring health subsidies. Here's what could happen to them
Briefly

An emerging shutdown deal doesn't extend expiring health subsidies. Here's what could happen to them
"A legislative package that appears on track to end the longest government shutdown in U.S. history leaves out any clear resolution on the expiring Affordable Care Act tax credits that have made private health insurance less costly for millions of Americans. The deal agreed to by Senate Republicans and a handful of Democrats on Sunday instead only guarantees a December vote on the enhanced premium tax credits, which are set to expire at the end of the year without congressional action."
"Some Democratic lawmakers looking to compromise have sought one-or two-year stopgap measures that would keep the subsidies alive, but they've failed to get buy-in from Republican leadership. Meanwhile, some Republican lawmakers and President Donald Trump have argued for letting the subsidies expire and suggested alternatives to defray health costs, such as federal flexible spending accounts given to every eligible American."
A legislative package moving to end the government shutdown does not include a clear fix for expiring Affordable Care Act enhanced premium tax credits. The agreement only guarantees a December vote on the credits, and the House has not committed to a matching vote, reducing chances of extension. Democratic proposals for one- or two-year stopgap subsidies failed to gain Republican leadership support. Some Republicans and the president favor letting the subsidies expire and have proposed alternatives such as federal flexible spending accounts. If no action is taken, enhanced subsidies will lapse and average premiums could more than double for many enrollees, per KFF.
Read at www.mercurynews.com
Unable to calculate read time
[
|
]