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Had Serious Concerns Re: Debt Ceiling Plan and the Expanded ACA Premium Credits
Old 05-29-2023, 10:39 AM   #1
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Had Serious Concerns Re: Debt Ceiling Plan and the Expanded ACA Premium Credits

I was very concerned that some of the COVID clawbacks the Republicans were negotiating over might include the American Rescue Act ACA expanded subsidies (pay no more than 8.5% of gross income for insurance). These expanded subsidies were/are in effect through 2025.
I just went through the text of the agreement (Biden and McCarthy) and no where is there any mention of the ACA or these subsidies. I am very relieved!
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Old 05-29-2023, 10:42 AM   #2
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Quote:
Originally Posted by erkevin View Post
I was very concerned that some of the COVID clawbacks the Republicans were negotiating over might include the American Rescue Act ACA expanded subsidies (pay no more than 8.5% of gross income for insurance). These expanded subsidies were/are in effect through 2025.
I just went through the text of the agreement (Biden and McCarthy) and no where is there any mention of the ACA or these subsidies. I am very relieved!
The clawbacks were for unspent funds.
There was so much money printed that piles of it are still not spent.
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Old 05-29-2023, 10:46 AM   #3
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I was concerned that the funds for 2024 and 2025 were considered "unspent".
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Old 05-29-2023, 11:22 AM   #4
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Old 05-29-2023, 11:25 AM   #5
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