Affordable Care Act (AKA Obamacare)

[mikechamp]

With no alternative plan in place, this might be considered... a risky move. Prepare the "death spiral"!

Obamacare tax credits look likely to expire as Trump rules out an extension

Republicans are careening to a health care cliff with no solution in hand. An estimated 22 million people in the U.S. are about to see their health insurance premiums soar by, in some cases, thousands of dollars per month, as billions in funding for the Affordable Care Act expires on Dec. 31. The expiring funds, costing about $35 billion per year, were first passed during the pandemic to subsidize insurance payments, capping premiums for a “benchmark” ACA, or “Obamacare,” plan to 8.5% of income.

President Donald Trump and Republicans have dialed up their attacks on that pot of funding, making increasingly clear they won’t allow an extension in its current form. “It’s going to end,” Sen. Rick Scott, R-Fla., said Tuesday evening, citing Trump’s opposition as part of the reason.

https://www.yahoo.com/news/articles/oba ... 15035.html