- Democrat lawmakers are hoping to strike a deal with Senator Manchin to renew enhanced health coverage subsidies — passed last March as part of Biden’s American Rescue Plan — as part of a reconciliation package. Maintaining the subsidies, which is projected to cost tens of billions of dollars per year, would avert triggering sudden spikes in insurance premiums for an estimated 13 million people who are already facing rising gas and grocery prices. Exchange directors have emphasized that Congress must act before insurers begin setting their rates in the summer to “avoid chaos and confusion.” (Article here)
May 20, 2022
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