Dems pressure party leaders to defuse ACA subsidy time bomb by election

A letter written by leaders of the moderate New Democrat Coalition and signed by numerous lawmakers in competitive races this fall aims to push Senate Majority Leader Chuck Schumer, D-N.Y., to unify his 50-member caucus around a filibuster-proof bill that extends a set of enhanced Affordable Care Act subsidies, which passed in the 2021 American Rescue Plan and expire after this year.

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“Without Congressional action this fall to extend the advanced premium tax credits, millions of Americans face the prospect of losing health care coverage or seeing their premiums spike,” the lawmakers wrote, which is signed by Reps. Cindy Axne of Iowa; Kim Schrier of Washington; Tom Malinowski of New Jersey; and Chris Pappas of New Hampshire, and others in some of the toughest contests this year.

“With prices rising broadly, our constituents cannot afford these increased health insurance costs. This cannot happen on our watch,” the Democrats said in the letter, first reported by NBC News and sent Monday evening to the offices of Schumer and House Speaker Nancy Pelosi, D-Calif.

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