"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 broader policy solution to a fight that has long flummoxed the party."
"Eligibility for the Obamacare subsidies, which were put in place during the COVID-19 pandemic to help people afford health care coverage, would be capped at 700% of the federal poverty level, according to two people with knowledge of the proposal. The people spoke to The Associated Press on condition of anonymity to discuss a White House proposal that is in draft form."
"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. That would effectively end zero-premium plans for those with lower incomes, addressing a concern from Republicans that the program has enabled fraud. One option is a requirement that everyone pay 2% of their income, or at least $5 per month, for lower-tier plans."
The White House is circulating a draft proposal to extend enhanced Affordable Care Act subsidies for two more years as current tax credits expire at year-end. The plan indicates President Donald Trump may support extending a temporary COVID-era expansion that widened eligibility beyond the ACA baseline. The draft would cap subsidy eligibility at 700% of the federal poverty level, up from the original 400% cutoff that was suspended. The proposal would require all enrollees to pay a premium, ending zero-premium plans; one option sets premiums at 2% of income or at least $5 per month for lower-tier coverage. Two people described the draft on condition of anonymity.
Read at www.mercurynews.com
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