"Expanded Affordable Care Act tax credits are set to expire at the end of the year, which could cause Marketplace insurance premiums to balloon. Democrats are calling for the credits - which were first passed by Congress during the pandemic - to be extended. They warn that, if the current spending bill that the House passed on September 19 goes through the Senate as is, health insurance could be disrupted for millions of Americans."
""What we're doing is meeting the healthcare needs of the American people," Speaker Emerita Nancy Pelosi told reporters this week. President Donald Trump and fellow Republicans called for the government to remain open in the hours before the shutdown, including in an email sent to federal workers on Tuesday that said "Democrats are blocking this Continuing Resolution in the U.S. Senate due to unrelated policy demands.""
"Healthcare spending is at the center of this week's government shutdown. Democrats and Republicans are split on funding Affordable Care Act subsidies and Medicaid. If subsidies lapse, over 20 million Americans could face higher health insurance costs. Affordable Care Act subsidies and Medicaid arehot topics central to Congress' latest budget negotiations, and they were left unresolved at 12:01 a.m. on Wednesday morning."
Healthcare spending and funding for Affordable Care Act subsidies and Medicaid are central to the government shutdown. Expanded ACA tax credits passed during the pandemic are set to expire at year-end, risking large increases in Marketplace premiums. Democrats seek an extension to protect millions from higher costs and warn the House spending bill passed Sept. 19 could disrupt health insurance if enacted unchanged. Consumers could face airport delays and national-park disruptions, and federal employees may be furloughed, fired, or required to work without pay. Lower- and middle-income Americans on government health coverage could feel the brunt of proposed Medicaid cuts.
Read at Business Insider
Unable to calculate read time
Collection
[
|
...
]