President Joe Biden on Tuesday called for extending a subsidy boost under the Affordable Care Act that is set to expire after 2025, underscoring one of the most immediate health care policy implications of the upcoming election.
The president boasted that he made the ACA — also known as "Obamacare" — “stronger than ever before” by signing into law enhanced subsidies under the American Rescue Plan and the Inflation Reduction Act. That has helped push ACA enrollment to an all-time high of 45 million people, according to government figures.
“I enacted tax credits to save an average of $800 per person per year, reducing health care premiums for millions of working families under the ACA. Those tax credits expire next year,” Biden said during a campaign event in North Carolina. “I’m calling on Congress to make that $800 expanded affordable health care tax credit permanent. Otherwise, millions of Americans with that coverage could lose that coverage.”
https://www.nbcnews.com/politics/20...s-heat-biden-trump-clash-subsidies-rcna145187
The president boasted that he made the ACA — also known as "Obamacare" — “stronger than ever before” by signing into law enhanced subsidies under the American Rescue Plan and the Inflation Reduction Act. That has helped push ACA enrollment to an all-time high of 45 million people, according to government figures.
“I enacted tax credits to save an average of $800 per person per year, reducing health care premiums for millions of working families under the ACA. Those tax credits expire next year,” Biden said during a campaign event in North Carolina. “I’m calling on Congress to make that $800 expanded affordable health care tax credit permanent. Otherwise, millions of Americans with that coverage could lose that coverage.”
https://www.nbcnews.com/politics/20...s-heat-biden-trump-clash-subsidies-rcna145187
