House Passes $2 Trillion Budget Cuts Targeting Health Insurance
The House passed a bill proposing $2 trillion in budget cuts, targeting health insurance subsidies from the COVID-19 pandemic. The enhanced subsidies that made premiums more affordable are set to expire, prompting GOP arguments for cutting wasteful spending while Democrats worry about the impact on health coverage access. The article discusses the implications of subsidy expiration on the middle class and considers alternatives like separating insurance risk pools to lower premiums. The author argues for healthier insurance markets while noting the contradiction in current subsidy structures that can even benefit higher-income families.