Monday, January 18, 2021

"the Biden plan proposes increasing the tax credits to lower health premiums or even “eliminate” them"

"Tucked into President-elect Biden’s $1.9 trillion stimulus plan is a one-sentence provision that could drive billions in federal subsidies to help people afford to buy health insurance.

The proposal would do two things: make upper-middle-income Americans newly eligible for premium subsidies on Obamacare marketplaces, and increase the financial help that already goes to lower-income enrollees. Taken together, some experts expect these changes to drive more sign-ups for plans after they fell in the Trump era.

Democrats have spent much of the last two years pressing for these policies, outlining ideas in candidate platforms and fine-tuning them in congressional legislation. The House even passed a similar proposal this past summer, but none of it had a shot at becoming law with President Trump in office and a Republican majority in the Senate.

Now, control of the White House and a slim majority in Congress mean the first real prospect of significantly strengthening Obamacare since it became law in 2010. President-elect Biden’s inclusion of policies to shore up the health law in his first major legislative package has raised those hopes further. "
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