I wrote a column for Creators Syndicate a few weeks ago explaining how Democrats have shut down the government over the expiration of the temporary COVID-era premium tax credits established under the Affordable Care Act.
Well, good article but unfortunately, some of the statements are not accurate. For instance, about no changes for the low income people after eliminating the enhanced credits. The premiums will increase for everyone above $28k household income.
Premiums are going up because healthcare costs are going up, regardless of the subsidy for higher income people. Retaining the subsidy for the more well off that Dems are inisitning on doesn’t change that.
The link points out that most of the new enrollees come from the ranks of higher income.
If anything your argument here is backwards. Eliminating the subsidy for higher income people would make it more possible not to increase the premiums of lower income people.
As some other economist said, probably a lot of them, it's really dumb to subsidize demand while restricting supply. But that seems to be all politicians know how to do. Thomas Sowell had something to say about that too.
Well, good article but unfortunately, some of the statements are not accurate. For instance, about no changes for the low income people after eliminating the enhanced credits. The premiums will increase for everyone above $28k household income.
https://www.kff.org/affordable-care-act/aca-marketplace-premium-payments-would-more-than-double-on-average-next-year-if-enhanced-premium-tax-credits-expire/
Sorry, this is Orwellian logic.
Premiums are going up because healthcare costs are going up, regardless of the subsidy for higher income people. Retaining the subsidy for the more well off that Dems are inisitning on doesn’t change that.
The link points out that most of the new enrollees come from the ranks of higher income.
If anything your argument here is backwards. Eliminating the subsidy for higher income people would make it more possible not to increase the premiums of lower income people.
As some other economist said, probably a lot of them, it's really dumb to subsidize demand while restricting supply. But that seems to be all politicians know how to do. Thomas Sowell had something to say about that too.