Democrats’ alarmism over subsidies is misplaced. When they end, low-income Americans will still have access to subsidized coverage. And with the right policies, the rest of the country could have access to even more affordable insurance options.
Last night, House Republicans passed a critical budget proposal for the upcoming fiscal year that calls for $2 trillion in spending cuts over 10 years to get America’s fiscal house in order and address our $35 trillion national debt. Congress should start by addressing one of the economy’s biggest pain points: how we pay for health insurance.
Legislation spelling out the specific cuts to reach the $2 trillion total likely won’t emerge for several weeks or months. But the GOP should start with low-hanging fruit like the billions of dollars in extra subsidies for health insurance premiums that Republicans are looking at ending. Congress expanded the subsidies during the COVID-19 pandemic, and they are scheduled to expire at the end of this year.
Nothing contained in this blog is to be construed as necessarily reflecting the views of the Pacific Research Institute or as an attempt to thwart or aid the passage of any legislation.
Why House Republican Budget Cuts Should Start With Health Insurance Subsidies
Sally C. Pipes
Democrats’ alarmism over subsidies is misplaced. When they end, low-income Americans will still have access to subsidized coverage. And with the right policies, the rest of the country could have access to even more affordable insurance options.
Last night, House Republicans passed a critical budget proposal for the upcoming fiscal year that calls for $2 trillion in spending cuts over 10 years to get America’s fiscal house in order and address our $35 trillion national debt. Congress should start by addressing one of the economy’s biggest pain points: how we pay for health insurance.
Legislation spelling out the specific cuts to reach the $2 trillion total likely won’t emerge for several weeks or months. But the GOP should start with low-hanging fruit like the billions of dollars in extra subsidies for health insurance premiums that Republicans are looking at ending. Congress expanded the subsidies during the COVID-19 pandemic, and they are scheduled to expire at the end of this year.
Read the op-ed here:
Nothing contained in this blog is to be construed as necessarily reflecting the views of the Pacific Research Institute or as an attempt to thwart or aid the passage of any legislation.