"Yeah, the big deal was what they didn't do, and what they didn't do was extend the extra subsidies that Congress created for the Affordable Care Act back in 2021, which helped double enrollment in the Obamacare marketplaces. The Democrats didn't have the votes when they extended them to make them permanent, so they had them expire at the end of this year"
"Yeah, you know, pretty much everybody who gets help from the federal government - that's about 22 million people - are going to see their costs for Affordable Care Act insurance rise. But the people who are going to be hit hardest are mostly the people at sort of the bottom of the income levels who are qualified for the Affordable Care Act, who are going from zero-premium plans to plans that perhaps cost 50 or $75 a month,"
Congress allowed enhanced premium tax credits for the Affordable Care Act, enacted in 2021, to expire on December 31 after failing to secure votes to make them permanent. About 22 million marketplace enrollees receiving federal assistance will see higher premiums beginning January 1. The steepest impacts will affect lower-income enrollees shifting from zero-premium plans to $50–$75 monthly costs and older or higher-income qualified enrollees who can be charged more. Lawmakers had hoped to extend the subsidies or win bipartisan support but did not reach an agreement before the deadline.
Read at www.npr.org
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