“A study from the Urban Institute released earlier this week found that the Medicaid expansion provision and making the enhanced ACA subsidies permanent would together reduce the number of uninsured people by 7 million, or about one quarter,” the article said.
Fort Worth health insurance and the people who have it may see their opportunities for affordable healthcare grow by leaps and bounds should a new proposal on the table gain momentum among Blue-state lawmakers. The proposal is to make enhanced ACA subsidies permanent moving forward, giving so many more Americans greater help in affording premiums that are already trending downward thanks to the current administration’s American Rescue Plan.
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According to TheHill.com the current American Rescue Plan signed into law earlier this year provided financial assistance with health insurance premiums, including for those with health insurance in Fort Worth. The problem was that this opportunity was only available until 2022. The House Ways and Means Committee proposed recently that permanent affordability be added to the Blue-state’s $3.5 trillion social spending package. As the article states, “The enhanced subsidies lower the percentage of income that any [ACA] enrollee has to pay for health insurance from around 10 percent to 8.5 percent. Notably, the proposal also allows people who make more than 400 percent of the federal poverty limit (about $100,000 for a family of four) to access the financial assistance for their premiums.”
Rick Thornton, a Fort Worth health insurance agent said this news shouldn’t come as much of a surprise. Extending the financial assistance programs has been a priority of many key lawmakers, including Nancy Pelosi. Thornton echoed the article by saying that previously released sections of the House package would also create a new federal program to expand Medicaid in the 12 GOP-led states that have refused the expansion under the ACA. “A study from the Urban Institute released earlier this week found that the Medicaid expansion provision and making the enhanced ACA subsidies permanent would together reduce the number of uninsured people by 7 million, or about one quarter,” the article said.
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