Democrats flocked to Chicago this week to nominate Vice President Kamala Harris for president. They also handed her a policy platform stuffed with all things progressive, from a global minimum tax on corporations to Medicaid expansion.
One proposal Harris has explicitly backed would enshrine President Joe Biden’s enhanced Obamacare subsidies, which are slated to expire in 2025. “Republicans want to let those credits expire, increasing premiums,” the Democratic platform asserts. “Democrats will fight to make them permanent.”
Biden’s subsidy expansion needs to go. It’s effectively a welfare program for insurers — and contributes to healthcare inflation. The expanded subsidies in the 2022 Inflation Reduction Act guarantee that through Dec. 31, 2025, no one has to pay more than 8.5% of household income for care through
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