The expiring enhanced Obamacare subsidies, which Democrats passed as COVID-19 relief in 2021 and 2022, have been a central issue preventing the parties from coming together to pass legislation to fund the federal government.
If the subsidies, also referred to as the enhanced premium tax credits, expire at the end of the year and the original income caps for the PTCs are reinstated, the Congressional Budget Office estimates that roughly 3.6 million people will no longer be able to afford health insurance, and the average premium costs for enrollees will more than double.
Representatives Don Bacon (R-NE), Tom Suozzi (D-NY), Jeff Hurd (R-CO), and Josh Gottheimer (D-NJ) outlined in broad strokes what they call a “statement of principles” for a negotiation extending the PTCs to
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