The enhanced Affordable Care Act subsidies are still expected to expire at the end of this year, however, raising insurance premiums for millions of people.

The enhanced Affordable Care Act subsidies are still expected to expire at the end of this year, however, raising insurance premiums for millions of people.

Rebelling against their leaders, four House Republicans on Wednesday signed onto a “discharge petition,” giving Democrats the 218 signatures needed to force a vote on a three-year extension of the Obamacare subsidies that are set to expire for millions of people on Dec. 31.

If the enhanced premium tax credits expire, as is expected, insurance costs are projected to double, on average, for about 22 million people who get their coverage through Obamacare.

The discharge petition, led by House Minority Leader Hakeem Jeffries, D-N.Y., has all 214 Democrats on board.

  • evenglow@lemmy.world
    21·
    3 days ago

    Or not.

    All four represent competitive districts that could make or break the GOP’s narrow House majority in November. Democrats have been slamming each of them as complicit in the impending lapse of the funding, which first passed in 2021 under President Joe Biden in a bid to cap premiums for “benchmark” plans at 8.5% of income.