“The House Republican-only spending bill fails to meet the needs of the American people and does nothing to stop the looming health care crisis,” Senate Minority Leader Chuck Schumer and House Minority Leader Hakeem Jeffries, both of New York, said in a statement on Tuesday. "At a time when families are already being squeezed by higher costs, Republicans refuse to stop Americans from facing double-digit hikes in their health insurance premiums. By refusing to work with Democrats, Republicans are steering our country straight toward a shutdown."
If Republicans do not agree to extend the Obamacare subsidies, premiums could surge as much as 75%, according to analysis by the Kaiser Family Foundation. That's an average increase of $700 per year, KFF said, with some families facing even steeper cost increases.
Such large premium jumps could lead nearly 4 million people to lose their health insurance, according to a report from the nonpartisan Congressional Budget Office. |