"Millions of Americans could see their health care costs more than double if Congress fails to extend Affordable Care Act tax credits set to expire at the end of next month. The subsidies were a sticking point during the recent 43-day government shutdown, when Senate Republicans agreed to vote on the issue in December as part of their deal to reopen the government. If lawmakers don't act, ACA enrollees could pay an average of 114% more in out-of-pocket costs, according to a Kaiser Family Foundation analysis."
""Twenty-two million Americans shouldn't be forced to pay the price for Congress' failure to act," Kiley said. He told ABC7 News they are hopeful the bill will appeal to budget-conscious conservatives, since the proposal would not increase the deficit but offer crack downs on "Medicare Advantage waste." "Instead, we're making targeted reforms to control costs, to prevent fraud, to prevent overcharges and those measures, those reforms actually pay for the two-year extension," Kiley said."
Affordable Care Act tax credits are scheduled to expire at the end of next month, risking large cost increases for enrollees. A Kaiser Family Foundation analysis estimates ACA enrollees could face an average 114% increase in out-of-pocket costs, and monthly premiums could rise from about $74 to $158. Representatives Sam Liccardo and Kevin Kiley introduced the Fix It Act to extend the subsidies for two years. The proposal aims to avoid adding to the deficit by implementing targeted reforms and cracking down on alleged Medicare Advantage waste. The bill has attracted bipartisan co-sponsors, including Ro Khanna, while White House rollout timing of a parallel plan remains uncertain.
Read at ABC7 San Francisco
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