Health care costs are still rising. Essentially nothing has been done to address that. All we hear about is expanding this or that program, enhancing Social Security and Medicare, forgiving loans, etc., mostly without a plan for ongoing funding.
There is virtual silence on actually fixing problems, and adequately funding existing programs. Forget telling Americans the truth about paying for what they want, only “millionaires and billionaires” need foot the bill – or is it the “wealthy?”
One area where we can have some control over inflation is with our insurance premiums,” Rep. Ruben Gallego (D-Ariz.) said Monday on a panel hosted by the Arizona chapter of the Democrat-aligned advocacy group Protect Our Care. “There is a direct chance we can stop an increase if Republicans will act with us to continue subsidies we created.”
Gallego was referring to expanded subsidies for health insurance purchased through Obamacare’s exchanges that were enacted last year as part of the American Rescue Plan Act, a $1.9 trillion COVID-19 relief package.
The subsidies, which are set to expire at the end of this year, removed the cap on income eligibility so people above 400% of the federal poverty level could receive them and pay less for Obamacare. The American Rescue Plan also provided more generous Obamacare subsidies for those already eligible, especially lower-income Americans, so many could get plans without spending money out of pocket.