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

Beecher Softball ladycats

Johnson, Irwin Combine for Perfect Game as Beecher Routs Grant Park 14-0

The Beecher varsity softball team executed a flawless performance on Tuesday, highlighted by a combined five-inning perfect game from pitchers Allie Johnson and Carmela Irwin en route to a 14-0...
Illinois Quick Hits: Pritzker announces new IBM investment at Quantum Park

Illinois Quick Hits: Pritzker announces new IBM investment at Quantum Park

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – Gov. J.B. Pritzker says IBM’s new delivery center at the Illinois Quantum and Microelectronics Park, fueled by...
ISU's union says it cheaper to negotiate than paying

ISU’s union says it cheaper to negotiate than paying

By Sean Reed | The Center SquareThe Center Square (The Center Square) – Illinois State University support employees have entered their fourth week on strike this week as more state...
Iran conflict, refinery disruption play roles as Illinois gas price passes $4.50.

Iran conflict, refinery disruption play roles as Illinois gas price passes $4.50.

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – Gas prices have surged in Illinois, and an American Automobile Association spokesperson says several factors are to...
Rates hold steady ahead of Fed chair transition

Rates hold steady ahead of Fed chair transition

By Morgan SweeneyThe Center Square The Federal Reserve wrapped up what could be its last meeting under current Chair Jerome Powell on Wednesday with a decision to hold rates steady,...
Supreme Court skeptical of Syria, Haiti temporary protected status

Supreme Court skeptical of Syria, Haiti temporary protected status

By Andrew RiceThe Center Square The U.S. Supreme Court appeared skeptical of immigrant’s challenges to the Trump administration’s termination of temporary protected status in Haiti and Syria. Justices on the...
Whitmer announces 40 jobs in Adrian; Trump administration claims credit

Whitmer announces 40 jobs in Adrian; Trump administration claims credit

By Elyse ApelThe Center Square An announcement from Michigan Gov. Gretchen Whitmer on Tuesday about a manufacturing expansion in Lenawee County quickly drew a response from the Trump administration over...
Pentagon seeks $1.5 trillion as Iran war costs hit $25 billion

Pentagon seeks $1.5 trillion as Iran war costs hit $25 billion

By Brett RowlandThe Center Square The Trump administration asked Congress on Wednesday to approve the largest military budget in American history, a $1.5 trillion request that would increase defense spending...
EXCLUSIVE: Minnesota sued over social media warning requirement

EXCLUSIVE: Minnesota sued over social media warning requirement

By Elyse ApelThe Center Square An internet trade group filed a lawsuit against Minnesota on Wednesday morning, challenging a new law requiring websites to display warnings about social media use....
Murrill: Seismic decision vindicates congressional redistricting

Murrill: Seismic decision vindicates congressional redistricting

By Nolan Mckendry and Misty CastileThe Center Square Federal courts overstepped when they required the state to draw a second majority-Black congressional district, the U.S. Supreme Court ruled Wednesday in...
Supreme Court limits Voting Rights Act in Louisiana redistricting battle

Supreme Court limits Voting Rights Act in Louisiana redistricting battle

By Nolan MckendryThe Center Square The U.S. Supreme Court struck down Louisiana’s congressional map Wednesday, ruling that the state relied too heavily on race when it created a second majority-Black...
Supreme Court unanimously sides with pregnancy center

Supreme Court unanimously sides with pregnancy center

By Andrew RiceThe Center Square The U.S. Supreme Court, in a unanimous decision, sided with a nonprofit pregnancy center in a federal lawsuit. The case, First Choice Women's Resource Centers...
Supreme Court hears challenges to Haiti, Syria TPS

Supreme Court hears challenges to Haiti, Syria TPS

By Andrew RiceThe Center Square The U.S. Supreme Court is hearing arguments in two cases to determine whether orders ending temporary protected status for Haiti and Syria are constitutional. Justices...
Illinois Quick Hits: Ex-East St. Louis librarian sentenced for fraud, theft

Illinois Quick Hits: Ex-East St. Louis librarian sentenced for fraud, theft

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – The former director of the East St. Louis public library has been sentenced to 15 months in...
Candidates vie for Georgia's attorney general post

Candidates vie for Georgia’s attorney general post

By Andrew RiceThe Center Square Democrat and Republican candidates running for attorney general in Georgia sparred over various priorities for running the state’s largest law firm in a debate hosted...