"The White House is circulating a proposal that would extend subsidies to help consumers pay for coverage under the Affordable Care Act for two more years, as millions of Americans face spiking health care costs when the current tax credits are set to expire at the end of the year. The draft plan suggests that President Donald Trump is open to extending a provision of Obamacare as his administration and congressional Republicans search for a"
"The subsidies were at the heart of the Democrats' demands in the government shutdown fight that ended earlier this month. Most Democratic lawmakers had insisted on a straight extension of the tax credits, which expire at the end of the year as a condition of keeping the government open. Eligibility for the Obamacare subsidies, which were put in place during the COVID-19 pandemic to help people afford health care coverage,"
"The baseline tax credits that were originally part of the Affordable Care Act were capped at 400% of the federal poverty level, but that cut-off was suspended because of the temporary COVID-era credits that allowed middle- and higher-income people to benefit from subsidies too. The White House would also require those on Obamacare, regardless of the type of coverage, to pay some sort of premium for their Obamacare plans."
The White House is circulating a draft proposal to extend pandemic-era Affordable Care Act subsidies for two years, aiming to avoid steep cost increases when tax credits expire at year-end. Eligibility would be capped at 700% of the federal poverty level, reversing the temporary suspension of the original 400% cutoff. The proposal would require all enrollees to pay a modest premium — for example, 2% of income or at least $5 per month — which would eliminate zero-premium plans for lower-income people and address Republican fraud concerns. Democrats had demanded a straight extension during recent budget negotiations. The White House emphasizes the plan is not final.
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