Democrats’ plan to make the enhanced premium subsidies permanent would cost taxpayers $335 billion over the next 10 years, according to the Congressional Budget Office. We shouldn’t be spending that kind of money to subsidize coverage that many people find useless.
Democrats are warning of a surge in the number of uninsured if costly enhanced subsidies for exchange coverage expire as planned at the end of next year.
But exchange coverage is borderline useless to many enrollees. It requires beneficiaries to fork over huge sums before it kicks in and confines them to narrow provider networks. Rather than subsidize “junk” insurance through the exchanges, lawmakers should deregulate the market so insurers can offer health plans that are affordable and efficient without federal subsidies.
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.
Obamacare is just overly expensive catastrophic health insurance
Sally C. Pipes
Democrats’ plan to make the enhanced premium subsidies permanent would cost taxpayers $335 billion over the next 10 years, according to the Congressional Budget Office. We shouldn’t be spending that kind of money to subsidize coverage that many people find useless.
Democrats are warning of a surge in the number of uninsured if costly enhanced subsidies for exchange coverage expire as planned at the end of next year.
But exchange coverage is borderline useless to many enrollees. It requires beneficiaries to fork over huge sums before it kicks in and confines them to narrow provider networks. Rather than subsidize “junk” insurance through the exchanges, lawmakers should deregulate the market so insurers can offer health plans that are affordable and efficient without federal subsidies.
Read the blog post 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.