"President Donald Trump will propose a two-year extension to enhanced subsidies under the Affordable Care Act to avoid a massive spike in premiums next year, sources told Politico. The proposal would require a minimum premium payment and limit eligibility for the subsidies, which come in the form of tax credits, to enrollees with income up to 700% of the federal poverty line, the report said."
"Meanwhile, shares of insurer Centene, which is a top participant in public health exchanges, jumped 8% on Monday, Molina Healthcare rallied 5%, and Oscar Health soared 24%. Without an extension of the subsidies, consumers who buy policies on the ACA marketplace would see insurance premiums more than double on average. Millions of Americans have already gotten sticker shock as open enrollment for 2026 began earlier this month."
"The shutdown ended without a renewal, with Democrats only getting a promise for a vote in the Senate. But the GOP's stunning losses in this month's off-year elections highlighted affordability as a top voter concern. Since then, Trump has rolled back tariffs hitting groceries, floated a $2,000 tariff "dividend" payment, and backed an idea for a 50-year mortgage meant to lower monthly payments."
President Donald Trump will propose a two-year extension of enhanced Affordable Care Act subsidies to avoid a massive spike in premiums next year. The proposal would require a minimum premium payment, limit eligibility for subsidies to enrollees with income up to 700% of the federal poverty line, and offer an option to receive part of the tax credit through a savings account. Insurer stocks reacted strongly, with Centene up 8%, Molina Healthcare up 5%, and Oscar Health up 24%. Without an extension, marketplace premiums would more than double on average, and affordability concerns have driven recent policy moves.
Read at Fortune
Unable to calculate read time
Collection
[
|
...
]