The Big Money Show’s panel discusses how new data reveal the cost of Obamacare’s tax cuts, the tactics of closing the deficit to protect it and why the health care system is still broken despite years of promises.
Americans are enrolled in health insurance plans offered through Affordable Care Actcommonly known as Obamacare, is expected to increase next year as the debate over the expanded subsidy is a flashpoint in the Federal Hark Shutdown.
As of its mandate, Obamacare provided funding in the form of tax credits for health insurance premiums in plans purchased through the ACA exchanges. During the Covil-19 pandemic, Congress fought for the development of premium tax credits in 2021 that was extended by the Democrats’ Inflation Reduction Deduction Act in 2025 – a policy that is now caught in a closed debate.
About 24 million Americans are enrolled health insurance Strategies and open enrollment for 2026 opens on November 1, which will inform insurers about the increase in insurance premiums coming the following year.
This page Kaiser Family Foundation .
Inths of Health Inschares Pursuing Back to Medicare Invanced by 2026
The fate of the tax credits advanced under Obamacare is at the center of the government’s ongoing fight. (J. David Ake/Getty Images)
The group noted that 24 million Americans have signed up Obamacare strategies22 million get a tax credit right now and if Congress eventually extends the advanced tax credits, the amount paid by the money they subsidize is the same despite charging less.
Conversely, if the advanced premium tax credits expire, KFF estimates that subsidized enrollees will see their monthly premium payments increase by 114% on average.
The group said this increase shows people with incomes less than four times more likely to receive financial assistance, with those without higher incomes no longer working on financial assistance and facing higher debt.
Minority Leader of the House Hakeem Jeffries, dn.yy, and Minority Leader of Sen. (Nathan Posener/Anadolu/Getty Images)
Republicans, Democrats clash over expiring funding during ongoing shutdowns
“The number of insurance companies paying ACA Marketplace Premiums are increasing for several reasons, including the increasing cost of drugs, the growing popularity of expensive GLP-1 drugs like Ozempic,” said Kff. “These things are considered the same by prosecutors who sell employer coverage.”
“However, an additional factor driving the money is the ACA Marketplace premium coverage (that does not affect employment premiums) employer severance) the expected expiration of the advanced tax credit,” the group said.
The government shutdown began on Oct. 1. (BILL CLARK / CQ-Roll Call, Inc / Getty Images)
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The KFF report noted that insurers participating in the ACA marketplace will charge 4 percent more, on average, than expected healthy people will drop coverage if Enhanced Premium tax Credits expires.
