ACA brought on much more risk for insurance companies when introduced, which is why the subsidies existed to keep premiums affordable while also expanding coverage especially for those with preexisting conditions. As a result of them being stripped away, many people will see their monthly premiums double and triple. I know someone personally that would have to pay over $3K a month for their family. They’ll choose to be uninsured instead as I’m sure many others will too. Totally insane and unsustainable - I hope congress can figure something out. However, I’m not optimistic considering their track record.
www.foxnews.com
Congress blocks Obamacare subsidies after shutdown fight, premiums set to surge
Congress fails to extend enhanced Obamacare subsidies before the Dec. 31 deadline as both sides try to find common ground on a bipartisan solution when they return in the new year.
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