Extending the ACA Subsidies

Over the last week, the decision on whether to extend the enhanced ACA subsidies has increasingly become the defining issue of the shutdown. It is an issue that is fracturing the Republican Party and threatening to derail their midterm election prospects.
Unpacking the numbers
From the outset, the Affordable Care Act subsidized the purchase of health insurance by some lower-income Americans on the health insurance exchanges. The subsidy was based on a sliding scale that set a maximum a person would pay as a percentage of their income. The ceiling for the subsidy was originally 400% of the…
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