Congress officially lets Obamacare subsides lapse

MS NOW - As the calendar flipped to 2026 on Thursday, millions of Americans who purchase their health insurance through Obamacare are ringing in the New Year with an unwelcome gift: health care premiums that are more than doubling in most cases. 

At midnight, the Obamacare subsidies that had helped many Americans afford insurance finally expired, after lawmakers failed to agree on a plan to extend the enhanced tax credits. 

Now, Americans who rely on Obamacare are hoping Congress might be able to address the skyrocketing premiums in the next few weeks.  FULL STORY

 

By the middle of January, the House is expected to pass a Democratic bill to renew the subsidies for three years. That bill will not become law — it already failed in the Senate previously — but lawmakers in both parties hope the legislation will spur Congress to rally around what has long proved elusive: a bipartisan agreement to address Obamacare costs. 

 

This is a preview of Kevin Frey's latest article. Read the full article here.