Republican House Speaker Mike Johnson said Tuesday that he will not allow a vote to extend enhanced Affordable Care Act subsidies that are set to expire at the end of the month, solidifying his party’s decision to let tens of millions of Americans face massive premium increases in the new year.
Speaking to reporters, Johnson acknowledged that some swing-district Republicans pushed him for a vote on the ACA subsidies as people across the country face sticker shock, with premiums more than doubling on average.
The ACA open enrollment period ended Monday for those with coverage starting start January 1, 2026.
“With no extension of enhanced tax credits, ACA enrollees are going to start the year with premium payments increasing by an average of 114%, or over $1,000 a year per person,” Larry Levitt, KFF’s executive vice president for health policy, noted Tuesday. “Some will find a way to pay it, some have switched to higher deductibles, and some have dropped coverage.”
Not a Murican. If millions of people can’t afford healthcare and cancel, or even downgrade, doesn’t that ultimately begin to impact on the providers’ revenue? How much of a cutting off their nose to spite their face is this?
It looks like about 30% of our healthcare providers are owned by private equity firms. They don’t make money the traditional way, but give themselves loans, don’t pay it back, and then bankrupt the hospital by keeping the loan money.
My guess is that the ones doing the grab and smash tactic are the ones paying off our politicians.
https://pestakeholder.org/private-equity-hospital-tracker/
I couldn’t read too much of that website. I’ve only just started taking medication for my blood pressure….it’s genuinely baffling. As are quite a few of American ways.
It’s pretty bad. I don’t know where you live, but other countries are trying to go down the same road. Canada is trying to privatize their healthcare, Brexit with the UK, etc. I have no idea how to stop the greeds from being such assholes.
To be clear. The vast majority of Canadians do not want private health care. Just certain people in government are pushing for it.
The vast majority of Americans want free healthcare and abortion rights, our politicians ignore us. I don’t know how to stop the politicians here or in Canada. Do you have a money in politics problem too?