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

Staley-Insurance-Agency-Inc.-4

Staley Insurance Agency Inc.

Welcome to Staley Insurance Agency Inc., your trusted partner in securing a better future. Located at 21 S. Central Ave., Casey, IL 62420, we are dedicated to providing comprehensive insurance...
Spittler-Excavating-LLC-5-1

Spittler Excavating LLC

Welcome to Spittler Excavating LLC, a trusted leader in excavation services, committed to delivering superior quality and exceptional customer satisfaction. With years of industry expertise, we specialize in a comprehensive...
Special-Delivery-by-Kims-Crafts-4

Special Delivery by Kim’s Crafts

Special Delivery by Kim's Crafts is a premier destination for handcrafted, personalized gifts and unique creations. Located in the heart of Casey, Illinois, at 16 E. Main St., our shop...
Shore-Murphy-Associates-of-Casey-4

Shore-Murphy & Associates of Casey

Welcome to Shore-Murphy & Associates Of Casey, where we provide expert accounting and financial services tailored to meet the unique needs of our clients. Located at 508 N. Route 49,...
Shoaff-Law-LLC-4

Shoaff Law LLC

Shoaff Law LLC Shoaff Law LLC, located at 11 E. Main St., Casey, IL 62420, is dedicated to providing comprehensive legal services with a focus on client satisfaction and effective...
Sarah-Bush-Lincoln-Casey-Clinic-4

Sarah Bush Lincoln Casey Clinic

Sarah Bush Lincoln Casey Clinic is dedicated to delivering comprehensive, high-quality healthcare to the Casey, Illinois community and surrounding areas. As a part of the Sarah Bush Lincoln Health System,...
Richards-Farm-Restaurant-4

Richards Farm Restaurant

Founded in 1972, Richards Farm Restaurant is a cornerstone of Casey, Illinois, blending culinary excellence with rustic charm. Situated in a historic building that dates back to the 1930s, the...
Reflections-Family-Restaurant-4

Reflections Family Restaurant

Welcome to Reflections Family Restaurant, located at 15 South Central Ave., Casey, IL. Since opening our doors in 2000, we have been dedicated to providing our customers with the finest...

Big Things Attractions

Certified World's Largest: In Historic Downtown Casey, Illinois: World’s Largest Wind Chime (right beside the Whitling Whimsy Café at 109 E. Main St) World’s Largest Rocking Chair (across...
commercial-Garbage-service-IL413

Trash Pick a Day Late

City Hall will be closed Monday, September 2nd in observance of Labor Day. Also, trash will be picked up Tuesday, September 3rd instead of Monday, September 2nd. Have a great...
Candy-Canes-on-main-024

Main Street Closed for Candy Canes on Main

Main Street will be closed in December for Candy Canes on Main

Candy Canes On Main Dec 6 & 7, 2024

Candy Canes On Main December 6 @ 6:30 pm December 7 9 am - 4 pm CANDY CANES ON MAIN INVITES YOU TO JOIN US!! Experience a Home Town Christmas...

Casey Popcorn Festival

The Casey Popcorn Festival has run over the Labor Day weekend since 1987. Held at the 40-acre Fairview Park in Casey, IL, the popcorn festival features three full days of...
img_5036-scaled-1

Casey Softball Museum

The History of the Casey Softball Hall of Honor Original Museum The Casey Softball Hall of Honor & Museum was a brainchild of Trustees, LeRoy Staley, Joe Snedeker and Moe...