Plano Health Insurance in Jeopardy Due to
Expiration of Subsidies
Plano health insurance and the people who have it are waiting with bated
breath as blue-state lawmakers figure out how to extend subsidies beyond
2023 for those enrolled in the Affordable Care Act.
According to an article by The Gazzett, over 3 million
Americans could lose their health coverage if Congress
allows enhanced subsidies for insurance on the ACA
exchanges to expire.
It is worth noting that if the additional subsidies expire,
3.1 million Americans will no longer have insurance,
per the Urban Institute.
That bill was defeated twice - further
calling into question the ACA's long-
term viability and threatening individuals
and families with health insurance in
Plano.
As the article pointed out, "Extending
the tax credits without simultaneously
increasing revenue would increase the
federal deficit by about $25.3 billion in
2023.
Over 10 years, the increase would balloon to $305 billion." Biden
has been calling on Congress to make the subsidies permanent.
Rick Thornton, a Plano health insurance agent ,
said that while everything appears on paper to be
gloom and doom with this new report, the
likelihood that millions of Americans will lose
coverage with no available options in return is slim
to none.
Biden has been pushing for permanent
subsidies despite his other initiatives and will
continue leaning on key decision makers
until the job gets done.
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