Finally, take a look at the last category: An older couple, just a year or two out from Medicare eligibility, who earn $90,000/year. Right now they're paying $638/mo for their Silver plan (8.5% of total income). Starting January 1st, 2026, they could see their premiums QUADRUPLE to $2,628/mo.
AGAIN: This isn't happening "after the midterms." This will be happening just FOUR MONTHS FROM NOW, starting January 1st, 2026, unless Congress passes (and Trump signs) a bill extending the current Advance Premium Tax Credit (APTC) subsidy formula by another year (better yet, making it permanent).
P.S. Oh yeah...my own family is among the ~450,000 currently-subsidized ACA enrollees looking down the barrel of dramatic rate hikes starting in January. If you find my healthcare wonkery useful & would like to support it, you can do so here, thank you! secure.actblue.com/donate/acasi...
The real consequences of the #BigBillionairesBill. Must become apparent sooner rather than later. After midterms is too late.
I'm guessing Trump will allow insurance companies to implement the new costs, then extend the credits in January so he can blame them.
There's actually a small possibility of the GOP Congress actually extending them out next month (if only as a midterm backlash prevention measure), but even if they do, it'll probably be a half-assed version or will include a poison pill amendment so they can "blame" Dems for it failing.
And actually, the contracts with the insurance carriers are locked in mid-September, so even if they do extend the subsidies the *gross* premium hikes will likely be locked in no matter what.
That's what I meant. I just had to pick a 'too late' month that would provide Trump enough time to shift blame, yet have them locked in
Is 24 million people enough to remove Trump? Or are they all liberals anyway? www.npr.org/sections/sho...
This insanity is what the subsidies have been masking. I'd been wondering what basic insurance would cost for a couple in their 60's: $30K/yr. When people talk about "buying in to Medicare" they're thinking what....$5K? Even with administrative savings it would be more like $20K as least.