Income eligibility for the subsidies will be limited to 400% of the Federal Poverty Level. The enhanced subsidies eliminated that income cap, and allowed a lot of middle-income households to receive assistance for the first time. Without an extension, these households would lose all premium tax credits, and the premiums would be too expensive. In other words they would lose their health insurance under the ACA.
The ACA enhanced subsidies capped the premium payments at 8.5% of a household income regardless of income level, and for lower-income households, the required premium contribution would be even lower.
Removing the enhanced subsidies the premiums will increase across ALL income brackets, and many would see their premiums more than double according to the Kaiser Family Foundation.
For example, according the the KFF, subsidized enrollees would see their average annual premium payments rise from 888 dollars in 2025, to 1904 dollars in 2026. A 114% increase. Millions would be uninsured because they could not afford the premiums. The CBO estimated that more than 4 million more Americans would become uninsured. I personally think it would be much higher.
These enhanced subsidies have been in place since 2021, BECAUSE OF THE DEMOCRATS, and have allowed middle-income individuals to join the ACA. If they expire, many will see their premiums double, or lose their subsidies entirely, and that will leave millions uninsured.
This one doesn't take rocket science to see what the effect would be.
and the f**king idiots who depend on it most are from the red states who voted for the sociopath in the White House.
There is no cure for stupidity.
I recall a story a few years back where Micahel Moore paid the medical bills the wife of a right winger who had a website bashing Moore.
The rightwinger had no medical insurance. And while he said he was grateful for the help, maintained his anti-Moore views of Moore's work.
As I said, there is no cure for stupidity.
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