Vance says ACA tax credits fuel fraud [View all]
(The Hill) Vice President Vance said Sunday that subsidies offered under the Affordable Care Act (ACA) fuel waste and fraud in the insurance industry, as Republicans refuse Democratic demands to extend the tax credits ahead of open enrollment next month.
“The tax credits go to some people deservedly. And we think the tax credits actually go to a lot of waste and fraud within the insurance industry. So we want to make sure that the tax credits go to the people who need them,” Vance told Margaret Brennan on CBS News’s “Face the Nation.”
The tax credits, first offered during the pandemic and extended by the 2022 Inflation Reduction Act, expire at the end of this year. According to the health care policy research group KFF, premiums for millions of people will more than double next year if the subsidies are not extended.
The impact could be felt even soon. With open enrollment for the ACA marketplace in most states scheduled to start Nov. 1, insurers are set to increase premiums unless Congress acts in the coming weeks.
https://www.yahoo.com/news/articles/vance-says-aca-tax-credits-204749599.html
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