Uncategorized

Supersizing ObamaCare Subsidies

Posted

By The Editorial Board

The Wall Street Journal, February 24, 2021

Progressive policy priorities are hitching a ride on Congress’s “Covid relief” bill, shoveling billions into the Affordable Care Act with the goal of making government insurance a middle-class entitlement on the way to Medicare for All. Instead of making the underlying product better or less expensive, Democrats now want to pass more of the cost onto taxpayers. More low-income buyers would pay little to nothing for insurance. Democrats would also remove the income cap for receiving subsidies, which is 400% of the poverty line, and reduce a person’s maximum contribution to 8.5% of income from 10%. Click here to read more.