At Stake in the Shutdown Fight: Obamacare Prices That Could Rise by Thousands of Dollars
Democrats say they will not vote to end the government shutdown unless Congress extends extra Obamacare subsidies that are set to expire next year. Republican leaders have said the subsidies shouldn’t be a part of legislation to reopen the government, though several individual lawmakers are open to the idea.
Should the extra subsidies expire, how much more will people with Obamacare plans pay?
The subsidies, first passed in 2021 and extended in 2022, make health insurance less expensive for nearly all those who buy their own coverage. Since the subsidies’ creation, enrollment in Obamacare markets has more than doubled. Without them, premiums will increase for more than 20 million people next year, and an estimated two million people are expected to lose coverage. But the magnitude of the change depends on where people live, how old they are, and what they earn.
Estimated change in monthly premiums if subsidies expire Age 27 Age 40 Age 60 INCOME $20,000 +$66 +$66 +$66 $35,000 +$132 +$132 +$132 $65,000 +$51 +$163 +$851 +$0
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