Biden expands 'Obamacare' by cutting health insurance costs
March 24, 2021
COLUMBUS, Ohio (AP) — President Joe Biden pledged Tuesday that his $1.9 trillion rescue package would build on the promise of the Affordable Care Act, the hallmark legislation of Barack Obama's presidency that became law 11 years ago.
Biden's COVID-19 relief law pumps up "Obamacare" premium subsidies to address longstanding problems of affordability, particularly for people with middle-class incomes. More taxpayer assistance means, in effect, that consumers who buy their own policies through HealthCare.gov will pay hundreds of dollars less out of their own pockets.
"We have a duty not jus...