Congress failed to extend Obamacare subsidies. This Democrat says Trump can save them

"But earlier this week, a bipartisan group of senators worked to strike a compromise that could resurrect the enhanced ACA premium tax credits potentially blunting the blow of rising monthly payments for Obamacare enrollees. "There's a number of Republican and Democratic senators who are seeing what a disaster this will be for families that they represent," Sen. Peter Welch, D-Vt., said on Morning Edition Thursday."

""We could extend the credits for a couple of years, we could reform it," Welch said of the call. "You could put an income cap, you could have a copay, you could have penalties on insurers who commit fraud. You actually could introduce some cost saving reductions that have bipartisan support." But according to Welch, this legislation is only doable with President Trump's blessing."

Millions of Americans face much higher health care premiums after Congress allowed Affordable Care Act premium tax credit enhancements to expire. A bipartisan group of senators has drafted a compromise to resurrect and reform the enhanced ACA premium tax credits to blunt rising monthly payments. Proposed reforms include extending credits for a limited number of years, imposing income caps, adding copays, and penalizing insurers for fraud to lower costs. Passage of legislation depends on strong support from President Trump because of his influence with Republican lawmakers, and previous partisan fights contributed to legislative gridlock and a government shutdown.

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