Don't extend the ACA subsidies Senator Collins!
Susan Collins told The Maine Wire she'd support extending the ACA subsidies, but not for high income earners. Of course. But... Extending the expanded ACA tax credits—which were temporarily boosted during COVID—is a short-term political bandage on a long-term policy failure. Here’s why it’s a bad idea and only serves to mask how badly the ACA is failing: 1. The Expanded Subsidies Hide Premium Inflation The ACA’s structure has led to massively inflated premiums, especially for middle-income Americans who don’t qualify for traditional subsidies. By artificially increasing subsidies through COVID-era expansions, the government conceals the true cost of coverage, making it appear “affordable” when, in reality, it’s just more expensive insurance propped up by taxpayer dollars. 2. It Rewards a Failing Model Instead of reforming the ACA’s broken incentives, expanded tax credits double down on a system that: Forces Americans to buy bloated, one-size-fits-all plans. Penalizes people who ear...
