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

Analysis: Chicago among worst cities to drive in

Analysis: Chicago among worst cities to drive in

By Glenn Minnis | The Center Square contributorThe Center Square (THE Center Square) – Republican Illinois state Sen. Steve McClure is speeding up the pace in his quest to make...
First lawsuit filed against Camp Mystic by parents of five campers, two counselors

First lawsuit filed against Camp Mystic by parents of five campers, two counselors

By Bethany BlankleyThe Center Square The first lawsuit was filed Monday against Camp Mystic by parents whose daughters were killed on July 4 when a flash flood ripped through two...
Senate votes to reopen government, sending funding bills to House

Senate votes to reopen government, sending funding bills to House

By Thérèse BoudreauxThe Center Square After spending nearly seven weeks in a political deadlock, U.S. senators finally passed legislation to end the record-long government shutdown. Eight senators in the Democratic...
Illinois quick hits: Bailey to stay in governor's race

Illinois quick hits: Bailey to stay in governor’s race

By Jim Talamonti | The Center SquareThe Center Square Bailey to stay in governor's race Republican candidate Darren Bailey has decided to stay in the race for Illinois governor. In...
Airlines warn flight reductions could cost U.S. economy

Airlines warn flight reductions could cost U.S. economy

By Brett RowlandThe Center Square Flight delays and cancelations are frustrating Americans and could be costing the U.S. economy millions of dollars each day, according to a new report from...
Report: Less than half of CPS students performing at grade level

Report: Less than half of CPS students performing at grade level

By Glenn Minnis | The Center Square contributorThe Center Square (The Center Square) – Illinois Policy Institute policy analyst Hannah Schmid is sounding the alarm about the state’s dimming prospects...

WATCH: IL comptroller candidates focus on transparency, timely reporting

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – Transparency is a key talking point for Illinois comptroller candidates. One Republican and five Democrats have filed...
With shutdown ending, debate on Obamacare subsidies to begin

With shutdown ending, debate on Obamacare subsidies to begin

By Tom JoyceThe Center Square As Congress moves to reopen the federal government this week, debate is shifting toward how to pay for the federal health care programs that helped...
Democratic senators under fire explain why they supported GOP bill to end shutdown

Democratic senators under fire explain why they supported GOP bill to end shutdown

By Thérèse BoudreauxThe Center Square After breaking from the rest of the Democratic Caucus to help Republicans advance a deal that would end the government shutdown, the eight U.S. senators...
FDA to remove ‘black box’ warnings on menopausal hormone therapies

FDA to remove ‘black box’ warnings on menopausal hormone therapies

By Morgan SweeneyThe Center Square The U.S. Food and Drug Administration is removing the “black box” warnings from hormone replacement therapy products for menopause, health administration officials announced Monday. A...
Giannoulias ramps up campaign for state regulation of auto premiums

Giannoulias ramps up campaign for state regulation of auto premiums

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – Illinois Secretary of State Alexi Giannoulias has expanded his campaign to regulate auto insurance rates. Giannoulias visited...
Trump demands air traffic controllers return to work

Trump demands air traffic controllers return to work

By Sarah Roderick-FitchThe Center Square After a reduction of up to 10% of flights in and out of the nation’s top airports, causing major travel disruptions, President Donald Trump is...
Analysis: Trump's proposed tariff rebate would cost twice as much as tariffs

Analysis: Trump’s proposed tariff rebate would cost twice as much as tariffs

By Brett RowlandThe Center Square President Donald Trump has again floated the idea of sending Americans $2,000 from tariff revenue, but a new analysis suggests the import taxes won't bring...
Trump pardons 77 people linked to 2020 presidential election challenge

Trump pardons 77 people linked to 2020 presidential election challenge

By Sarah Roderick-FitchThe Center Square President Donald Trump issued a proclamation providing pardons for a slew of people accused of trying to overturn the 2020 presidential elections, including Rudy Giuliani...
Supreme Court agrees to hear election law challenge

Supreme Court agrees to hear election law challenge

By Andrew RiceThe Center Square The U.S. Supreme Court agreed on Monday to hear a case challenging state laws that allow ballots to be counted if they are received after...