Illinois congressman hails health care win, experts question Senate path, costs

Illinois congressman hails health care win, experts question Senate path, costs

Spread the love

(The Center Square) – An Illinois congressman praised a bipartisan House vote extending enhanced Affordable Care Act subsidies, framing the legislation as a victory for families facing rising health care costs.

U.S. Rep Eric Sorensen, D-Rockford, posted a video to social media as he walked off the House floor.

“We just successfully passed bipartisan legislation to prevent health care costs from skyrocketing,” said Sorensen.

The measure extends expanded ACA premium tax credits first enacted during the COVID-19 pandemic, which lower out-of-pocket insurance costs for enrollees. According to the Congressional Budget Office, however, extending those subsidies comes with a significant price tag.

The CBO estimates the policy would cost taxpayers roughly $30 billion per year, a figure not mentioned in Sorensen’s remarks.

Sorensen pointed to past budget standoffs as evidence that the vote marked a shift in Washington’s approach to health care policy.

“You remember the government shut down last year because House Republicans refused to work with Democrats on a solution to lower health insurance premiums for millions of Americans,” he said.

William McBride, chief economist at the Tax Foundation, told TCS higher subsidies can actually push costs higher by increasing demand and masking inefficiencies in ACA plans and exchange, costs that ultimately fall on consumers.

Despite the House vote, economists say the bill’s future remains uncertain. McBride noted the subsidy extension could be bundled into broader negotiations to avoid a government shutdown at the end of January. Even then, he said, it is unclear whether the measure could win the 60 votes needed in the Senate, where concerns over the long-term taxpayer cost of the subsidies remain a significant hurdle.

Senator Bernie Moreno, R-OH, told reporters the House’s work product is dead on arrival.

“What the House is going to pass tomorrow will not pass in the United States Senate. It probably wouldn’t be put on the floor, because why waste floor time on something we’ve already considered?” said Moreno in a gaggle.

“After weeks of speaking out against Republican plans to kick people off of their health insurance, we won to deliver affordable health care for families across the country,” Sorensen said following passage of the bill.

Sorensen pointed to the House vote as evidence that sustained public engagement can influence policy outcomes.

“What this vote today demonstrates is that your voice matters,” he said, urging constituents to continue contacting their elected officials.

The legislation would extend enhanced ACA tax credits for three years, at an estimated taxpayer cost of about $90 billion, based on CBO projections cited by McBride. As lawmakers head into budget talks later this month, questions remain over whether the Senate will act on the measure, and how its cost would ultimately be financed.

###

Leave a Comment





Latest News Stories

Dodgers' first baseman loses $2M on home sale after taxes

Dodgers’ first baseman loses $2M on home sale after taxes

By Chris WoodwardThe Center Square Selling a high-value property in Los Angeles? Tax experts advise caution: You could be in the same boat as Los Angeles Dodgers star Freddie Freeman....

WATCH: FOIA reveals 725% increase in Medicaid for IL children without SSNs

By Greg Bishop | The Center SquareThe Center Square (The Center Square) – A candidate for the Illinois Statehouse worries there could be a dark side to the 725% increase...
California sues Trump administration over oil pipelines

California sues Trump administration over oil pipelines

By Dave MasonThe Center Square California is suing the Trump administration over its decision to take control of two state pipelines and permit Sable Offshore Corp. to restart pumping oil...
HHS won't use taxpayer dollars for research using aborted fetal tissue

HHS won’t use taxpayer dollars for research using aborted fetal tissue

By Thérèse BoudreauxThe Center Square The U.S. Department of Health and Human Services is banning the use of human fetal tissue sourced from elective abortion in federally funded research. Under...
Education Department issues Title 1 consolidation guidance

Education Department issues Title 1 consolidation guidance

By Esther WickhamThe Center Square The U.S. Department of Education issued guidance to state education officials urging Title I schools to consolidate federal, state and local funding into a single...
U.S. Senate postpones Monday votes ahead of govt funding deadline

U.S. Senate postpones Monday votes ahead of govt funding deadline

By Andrew RiceThe Center Square The U.S. Senate canceled votes originally scheduled for Monday due to inclement weather, shortening the timeframe for legislators to pass necessary funding bills to avoid...
Illinois lawmakers clash over ICE funding as DHS bill advances

Illinois lawmakers clash over ICE funding as DHS bill advances

By Catrina Barker | The Center Square contributorThe Center Square (The Center Square) – An Illinois congressman broke with a faction of moderate Democrats recently by voting against a Department...
Leaders highlight policies to end taxpayer-funded abortions at march for life

Leaders highlight policies to end taxpayer-funded abortions at march for life

By Andrew RiceThe Center Square Vice President JD Vance and other elected officials on Friday touted their accomplishments to implement pro-life legislation over the past year at the 53rd annual...
Illinois Quick Hits: End of tax credit causes another Catholic school to close

Illinois Quick Hits: End of tax credit causes another Catholic school to close

By Jim Talamonti | The Center SquareThe Center Square Another Archdiocese of Chicago school has cited the end of Illinois’ Invest in Kids Scholarship Tax Credit Program as a reason...

Chicago inspector general hopes for urgency to address OT mistakes

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – Chicago’s inspector general says she hopes there is urgency to correct mistakes after the city paid $26.5...

Poll shows most Americans support legal limits to abortion

By Tate MillerThe Center Square Pro-life groups celebrate the 53rd annual March for Life event in the wake of a Knights of Columbus-Marist Poll showing that most Americans support legal...
Bill would give parents access to expulsion evidence

Bill would give parents access to expulsion evidence

By Cat Barker | The Center Square contributorThe Center Square (The Center Square) – Illinois lawmakers are weighing legislation that would require public schools to share all evidence used to...
WATCH: Pritzker IDs half billion in ‘reserves;’ SCOTUS considering gun ban challenge

WATCH: Pritzker IDs half billion in ‘reserves;’ SCOTUS considering gun ban challenge

By Greg Bishop | The Center SquareThe Center Square (The Center Square) – In today's edition of Illinois in Focus Daily, The Center Square's Greg Bishop discusses a recent announcement...
Proposed Illinois bill would let local voters approve rent control, drawing sharp criticism

Proposed Illinois bill would let local voters approve rent control, drawing sharp criticism

By Cat Barker | The Center Square contributorThe Center Square (The Center Square) – A proposed Illinois bill, the “Let the People Lift the Ban Act," SB2884, would let local...
Businesses close in Minnesota for anti-ICE ‘economic blackout’

Businesses close in Minnesota for anti-ICE ‘economic blackout’

By Elyse ApelThe Center Square Many businesses across Minnesota closed today as part of an ‘economic blackout’ to protest U.S. Immigration and Customs Enforcement. This comes in response to calls...