Breaking down fight over health care tax credits as shutdown looms
CBS America · Just In
CBS America
Just In
The federal government seems poised to shut down next week unless congressional leaders can reach a deal. One of the major sticking points is the fight over renewing enhanced tax credits to offset healthcare coverage costs under the Affordable Care Act.
Breakdown
- A government shutdown is possible unless Congress resolves budget disputes.
- The main issue is whether to renew enhanced tax credits for ACA health coverage. 6s
- These tax credits, passed in 2021, are set to expire at the end of the year. 17s
- If not extended, millions could see premiums double or lose financial help. 1m 24s
- Rising health care costs and expensive new drugs are also increasing premiums. 2m 9s