Republican Senator ACA Subsidy Alternative
- Sen.Bill Cassidy (R-La.) is pitching Democrats on his compromise to make Affordable Care Act marketplace plans affordable without extending the extra tax credits that currently lower premium payments.
- Cassidy, the chair of the Senate health committee, is among the team of Republican senators picked to negotiate with Democrats on the credits in readiness for a mid-December...
- Cassidy's plan is not the official Republican plan, but he said his proposal is in line with the thinking of his GOP colleagues.
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Cassidy Pitches ACA Affordability Plan to Democrats
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Sen.Bill Cassidy (R-La.) is pitching Democrats on his compromise to make Affordable Care Act marketplace plans affordable without extending the extra tax credits that currently lower premium payments.
Cassidy, the chair of the Senate health committee, is among the team of Republican senators picked to negotiate with Democrats on the credits in readiness for a mid-December vote. Republicans agreed to the vote in exchange for Democrats’ support to reopen the government.
Cassidy’s plan is not the official Republican plan, but he said his proposal is in line with the thinking of his GOP colleagues. Its structure jibes with President Trump’s demand to end the extra federal subsidies for ACA insurance and rather give an equal amount of cash directly to people to spend on health care.
Understanding the Current Tax Credits
the Affordable Care Act (ACA) provides premium tax credits to eligible individuals and families to lower the cost of health insurance purchased through the Health Insurance Marketplace. These credits are based on income and family size, and are designed to make coverage more affordable. Without an extension, these credits are set to expire, potentially leading to notable premium increases for millions of Americans.
Cassidy’s Proposed Choice