Affordable Care Act subsidies likely to increase under congressional plan
Federal assistance in affording health insurance would expand for the first time in more than a decade under plans Congress is considering to provide relief to Americans harmed by the coronavirus pandemic.
The expansion of federal subsidies for Affordable Care Act health plans, stretching to reach people who are in the middle class or unemployed, is woven into a proposal the House Ways and Means Committee is expected to approve by the end of this week. The proposal also would raise ACA insurance subsidies for consumers already eligible for that help.
The ideas have been adopted in the past year by the Democratic-led House but had no chance of becoming reality until the Senate and the White House shifted last month into Democratic hands. Now, the committees plan or something similar is widely anticipated to become law, marking the first time since the ACA came into existence 11 years ago that the government would be adjusting the laws subsidies, which some policy analysts have consistently criticized as too small to be useful for some people struggling to afford health coverage.
Increasing ACA subsidies and widening who can get them would represent a first step by Congress to embrace President Bidens credo of using the sweeping and politically polarizing law as the main tool for improving the nations health-care system.
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