Tag Archives: Inflation Reduction Act

Politico: Republicans are barreling toward an Obamacare subsidy cliff — with no unified plan

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The White House has shown little urgency in extending the subsidies until shutdown ends.

Republicans are barreling toward the upcoming Obamacare enrollment period without a unified plan to address the sticker shock that millions of Americans are likely to experience due to the expiration of key federal subsidies.

The lack of direction comes from the top, with President Donald Trump not providing clear guidance to his party on how he wants to deal with the expiring subsidies that could result in dramatic out-of-pocket price hikes for enrollees.

Rep. Jeff Van Drew (R-N.J.) said he spoke to the president on the phone about a week ago to talk about a yearlong extension of the enhanced subsidies. He said Trump asked him: “Can’t we do something better?” But Van Drew said he replied, “Mr. President, we don’t have the time.”

Republicans are barreling toward an Obamacare subsidy cliff — with no unified plan
The White House has shown little urgency in extending the subsidies until shutdown ends.

https://www.politico.com/news/2025/10/24/republicans-obamacare-subsidy-cliff-plan-trump-00620873

https://www.msn.com/en-us/news/politics/republicans-are-barreling-toward-an-obamacare-subsidy-cliff-with-no-unified-plan/ar-AA1P65Bk

Slingshot News: ‘Don’t Let Democrats Take The Credit’: Trump Gets Caught Up In Another Lie, Brags About Reducing Drug Prices By More Than 100% [Video]

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Donald Trump announced new prescription drug discounts from the Oval Office several days ago. He bragged about reducing drug prices by up to 654%, which isn’t possible unless drug companies plan on paying customers to “buy” their products. “We’re going to bring drug prices down at numbers that nobody ever thought possible,” Trump stated, because it really is not possible. 

‘Don’t Let Democrats Take The Credit’: Trump Gets Caught Up In Another Lie, Brags About Reducing Drug Prices By More Than 100%
Donald Trump announced new prescription drug discounts from the Oval Office several days ago. He bragged about reducing drug prices by up to 654%, which isn’t possible unless drug companies plan on paying customers to “buy” their products. “We’re going to bring drug prices down at numbers that nobody ever thought possible,” Trump stated, because it really is not possible.

https://www.msn.com/en-us/news/politics/don-t-let-democrats-take-the-credit-trump-gets-caught-up-in-another-lie-brags-about-reducing-drug-prices-by-more-than-100/vi-AA1OIurW

CNBC: House Republican tax bill skipped ACA credits — marketplace health insurance will get pricier without them

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  • Premium tax credits under the enhanced Affordable Care Act were not included in the “One Big Beautiful Bill Act” that House Republicans passed on Thursday.
  • Without action from Congress, the subsidies are on track to expire by the end of 2025.
  • “Pretty much everyone, almost everybody who’s buying their own health insurance, now would see their costs go up,” said Cynthia Cox, vice president and director of the program on the ACA at KFF.

But the “One Big Beautiful Bill Act” is missing something health care advocates hoped to see: an extension of the insurance premium tax credits under the enhanced Affordable Care Act that are set to expire at the end of the year. The credits’ absence is notable as the bill includes other proposed changes to the ACA marketplace, experts say.

The ACA’s enhanced premium credits help make health insurance policies through the marketplace more affordable. Eligible applicants can use the credit to lower insurance premium costs upfront or claim the tax break when filing their return. 

Instead of a lower-income person paying 2% of their income on their premium, they pay nothing, according to KFF, a health policy research nonprofit. 

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Without the extension, nearly all subsidized ACA enrollees can expect their monthly premiums to rise, said Cynthia Cox, vice president and director of the program on the ACA at KFF.

Yet another way to hurt the poor!

https://www.cnbc.com/2025/05/23/big-beautiful-tax-bill-skipped-aca-credits.html