Republicans don’t need to hand out subsidies to help people afford insurance. Giving people more control over their health dollars is a better way to reduce out-of-pocket costs while saving taxpayers billions of dollars.
As members of Congress return to their districts this month, they may receive earfuls about extending the Biden administration‘s enhanced subsidies for Obamacare, which are scheduled to expire at the end of this year.
Pundits warn that, unless Congress extends the subsidies, premiums in the individual market could increase by 75%. Republicans should tune out the chatter. The expanded subsidies were intended to serve as temporary, pandemic-era aids — not a permanent fixture of our healthcare system. Extending them will only cement the dysfunction that the Obamacare exchanges have let loose in the individual insurance market.
Nothing contained in this blog is to be construed as necessarily reflecting the views of the Pacific Research Institute or as an attempt to thwart or aid the passage of any legislation.
Let the Obamacare subsidies expire
Sally C. Pipes
Republicans don’t need to hand out subsidies to help people afford insurance. Giving people more control over their health dollars is a better way to reduce out-of-pocket costs while saving taxpayers billions of dollars.
As members of Congress return to their districts this month, they may receive earfuls about extending the Biden administration‘s enhanced subsidies for Obamacare, which are scheduled to expire at the end of this year.
Pundits warn that, unless Congress extends the subsidies, premiums in the individual market could increase by 75%. Republicans should tune out the chatter. The expanded subsidies were intended to serve as temporary, pandemic-era aids — not a permanent fixture of our healthcare system. Extending them will only cement the dysfunction that the Obamacare exchanges have let loose in the individual insurance market.
Read the blog post here.
Nothing contained in this blog is to be construed as necessarily reflecting the views of the Pacific Research Institute or as an attempt to thwart or aid the passage of any legislation.