Had Serious Concerns Re: Debt Ceiling Plan and the Expanded ACA Premium Credits

[erkevin]

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!

 

[Spock]

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.

 

[erkevin]

I was concerned that the funds for 2024 and 2025 were considered "unspent".

 

[Calico]

 

[GenXguy]

https://www.early-retirement.org/forums/f44/are-you-concerned-about-a-u-s-debt-default-118041.html