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

Plastics industry one of ‘most powerful economic engines’ thanks to nation’s shale gas, ingenuity

Plastics industry one of ‘most powerful economic engines’ thanks to nation’s shale gas, ingenuity

By Tate MillerThe Center Square The American plastics industry is one of the “most powerful economic engines” in the U.S. due to the nation’s ingenuity and its abundant and affordable...
Congressional candidate defends 'dark humor' video about Kirk assassination

Congressional candidate defends ‘dark humor’ video about Kirk assassination

By Elyse ApelThe Center Square A Michigan Democrat candidate for the U.S. House is doubling down after posting a video in the wake of the Charlie Kirk assassination stating: “Hey,...
Trump tells parents to get vaccines not available in U.S.

Trump tells parents to get vaccines not available in U.S.

By Brett RowlandThe Center Square President Donald Trump told parents Friday to break up measles, mumps and rubella vaccines and not get them in combinations, a preference not possible in...
Grocery tax stalls in Chicago council, measure approved in Bloomington

Grocery tax stalls in Chicago council, measure approved in Bloomington

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – Bloomington has joined hundreds of Illinois municipalities by reinstating a one-percent grocery tax that will soon be...
GOP leader argues against Democrats' descriptions of ICE

GOP leader argues against Democrats’ descriptions of ICE

By Dave MasonThe Center Square California Democratic officials are accusing masked U.S. Immigration and Customs Enforcement officers of being a “secret police” force spreading terror in immigrant communities. But the...
Illinois quick hits: Guatemalan national guilty of illegal presence; 'peacekeeper' arrested for battery

Illinois quick hits: Guatemalan national guilty of illegal presence; ‘peacekeeper’ arrested for battery

By Jim Talamonti | The Center SquareThe Center Square Guatemalan national guilty of illegal presence A Guatemalan national has pleaded guilty to being illegally present in the United States after...
lake land college.4

Lake Land College Formalizes Academic Restructuring with Faculty Association MOU

Article Summary: Lake Land College and its faculty union have formalized a departmental restructuring through a Memorandum of Understanding approved by the Board of Trustees. The agreement clarifies the role...
Trump tariffs drugs, furniture, heavy trucks to 'protect' U.S. markets

Trump tariffs drugs, furniture, heavy trucks to ‘protect’ U.S. markets

By Brett RowlandThe Center Square President Donald Trump announced a fresh wave of tariffs Thursday on imported pharmaceutical drugs, some building supplies and heavy trucks that he said is to...

WATCH: Trump supports expanding Antifa terror designation internationally

By Sarah Roderick-FitchThe Center Square On the heels of President Donald Trump designating Antifa a domestic terror organization, he said he supports expanding the designation internationally. The Center Square asked...
Experts warn action needed to preserve Colorado River

Experts warn action needed to preserve Colorado River

By Liam HibbertThe Center Square The Colorado River has been in decline since the turn of the 21st century – and emergency action may be required sooner than projected, experts...

WATCH: 2022 GOP nominee makes second run for governor

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – Former state Sen. Darren Bailey, R-Xenia, is making a second run for Illinois governor. Bailey launched his...
Oklahoma to start Turning Point chapters at all high schools

Oklahoma to start Turning Point chapters at all high schools

By Esther WickhamThe Center Square Former Oklahoma schools Superintendent Ryan Walters announced this past week a partnership with Turning Point USA to initiate chapters at every high school in the...
Prosecutors indict ex-FBI boss on obstruction over collusion testimony

Prosecutors indict ex-FBI boss on obstruction over collusion testimony

By Dan McCaleb and Brett RowlandThe Center Square Prosecutors indicted former FBI Director James Comey on Thursday, alleging that he lied to Congress when he denied claims that he leaked...
California education system support efforts to restrict ICE

California education system support efforts to restrict ICE

By Esther WickhamThe Center Square The California education system continues to fight U.S. Immigration and Customs Enforcement amid new laws claiming protection for students and California residents. With the Trump...
001JH-8thGradeFlagFieldEntrance

Braves Junior High Dominate Paris in JFL Home Finale

CW 34, Paris 6 Junior High After severe weather postponed their Saturday matchup, the Casey-Westfield Junior High Braves took the field on Sunday afternoon to complete the JFL's weekend sweep...