The coronavirus relief package unveiled by House Democrats on Monday includes a major expansion of the Affordable Care Act that would boost premium subsidies already offered under the Obama-era health care law and increase their availability.
The bill, a draft of which the House Ways and Means Committee released Monday, would fully subsidize ObamaCare subsidies for people earning up to 150% of the federal poverty level and unemployed individuals. The measure would also make Americans earning more than 400% of the poverty level — about $51,000 for one person, and $106,000 for a family of four — eligible for subsidies for the first time and would cap their premium costs at 8.5%.
The subsidy boosts, which Democrats have sought for years, would only last for two years, through 2022.
The measure would also have the federal government subsidize 85% of COBRA coverage, which allows individuals who lost their jobs to stay on their previous employer's health care, through Sept. 21.
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After having a capable business man like Donald J Trump in the White House, fiscal responsibility is gone and the budget deficit is off to the races again. I think the demonrats try to outdo each other every time one of these losers gets to the White House.