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Expert: Democrats Shutting Down Government over 'Obamacare Subsidies for the Wealthy'
['Sean Moran']
Breitbart News
Michael Cannon, the Cato Institute’s director of health policy studies, said that Democrats are essentially shutting down the government over “Obamacare subsidies for the wealthy.”Breitbart News has explained on the Breitbart Fight Club how Democrats shut down the government over the looming expiration of enhanced Affordable Care Act (ACA), or Obamacare, subsidies.
These subsidies were first enhanced through the Biden-era $1.9 trillion coronavirus stimulus plan, formally known as the American Rescue Plan.
The enhanced subsidies will expire on December 31, 2025.
Democrats have contended that the loss of enhanced subsidies will result in the widespread loss of Americans’ health care; however, experts have explained that these enhanced subsidies are not for the truly needy.
Cannon said, “What the enhanced subsidies do is they subsidize people making from $129,000 all the way up to $600,000 per year.