"But the credits are in danger of expiring as Republicans and Democrats clash over how to do it. Democrats are threatening to vote to shut down the government at the end of the month if Republicans don't extend the subsidies, which were first put in place in 2021 and extended a year later when they controlled Congress and the White House."
"Some Republicans who have opposed the health care law since it was enacted under President Barack Obama are suddenly open to keeping the tax credits. They acknowledge that many of their constituents could see steep hikes in coverage if the subsidies are allowed to lapse. Still, the two sides are far apart. Republicans are divided, with many firmly opposed. GOP leaders in the House and Senate have been open but noncommittal on the extension,"
Congressional tax credits that subsidize Affordable Care Act premiums have made coverage more affordable for millions since the COVID-19 pandemic. The subsidies were enacted in 2021 and extended in 2022 but are scheduled to expire at the end of the year. Democrats are threatening a government shutdown if Republicans do not renew the subsidies. Some Republicans now favor keeping the credits to prevent sharp premium hikes for constituents, but many GOP members oppose or want to rework the subsidies. Any changes could ignite a prolonged health-care debate. Expiration would create uncertainty for insurers, hospitals, state governments and beneficiaries.
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