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An Obamacare fiasco could blow up on Democrats right before the midterms
It could all come down to … Joe Manchin.
www.politico.com
Long story short, Democrats included additional subsidies into "Obamacare" plans that are set to expire just before the midterm elections. They are now scrambling to maintain them despite crushing inflation. Republicans are opposed. Democrats are desperate. They're trying to convince Manchin to bail them out with a reconciliation bill that they intent to pad with a lot of other partisan spending on things like climate change. Democrats are worried that if they fail to get these additional subsidies renewed it will harm them in the upcoming election.A little over a year ago, President Joe Biden signed into law a massive expansion of financial aid designed to bolster the Affordable Care Act and make health insurance more affordable for millions.
But that early triumph is now looking more like a political time bomb.
Just six months out from the midterms, Democrats increasingly fear they’ll fail to renew those generous subsidies, which expire at the end of the year, triggering sudden spikes in insurance premiums and wiping out one of Biden’s signature health care accomplishments.
The price hikes would hit an estimated 13 million people across the country, potentially adding hundreds of dollars to families’ monthly expenses. And in a painful twist for a White House already struggling to contain anger over rising household costs, voters would begin receiving notices about their premium increases in October — around the same time they’re starting to cast their midterm ballots.