⚠️ The #AmRescuePlan dramatically enhanced & expanded #ACA financial help for millions of people. Unfortunately, this is is currently set to expire at the end of 2022.
The #BuildBackBetter bill extends this thru 2025, but of course the GOP + Manchin blocked it in the Senate. 2/
⚠️ If the #AmRescuePlan's enhanced #ACA subsidies *aren't* extended beyond 12/31/22, 26-yr old enrollees will have to pay up to ~$1,500 more in health insurance premiums in 2023.
⚠️ If the #AmRescuePlan's enhanced #ACA subsidies *aren't* extended beyond 12/31/22, a middle-class family of four will have to pay up to ~$7,300 more in health insurance premiums in 2023.
⚠️ If the #AmRescuePlan's enhanced #ACA subsidies *aren't* extended beyond 12/31/22, a middle-class 60-yr old couple will have to pay up to ~$17,000 more in health insurance premiums in 2023.
That's not a typo.
📣 The @USCBO stated that making the #AmRescuePlan's enhanced #ACA subsidies *permanent* would cost $220 billion over a decade, or ~$22B/year.
On a federal budget level, this is peanuts, and would dramatically improve the lives of ~15 million Americans. cbo.gov/publication/57…
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📣 Clear evidence of just how effective vaccines are against dying of COVID: On the left, COVID *case rates* since last May; on the right, COVID *death rates* since last May:
📣 Meanwhile, the Red/Blue divide on COVID death rates continues to rise again, and is again nearly a mirror image of the vaccination rate divide:
Remember when I pointed this out and got a bunch of backlash from people upset that I didn’t adjust for race even though that doesn’t change the fact that a shitload of white people are dying of their own stubbornness?
As I said at the time, “adjusting for race” IS important when trying to liking at inequity and deciding where to focus resources. Native Americans, for instance, are still dying of COVID at a disproportionately high rate relative to their share of the population. HOWEVER…
…pretending that the WHITE death rate hasn’t increased relative to ITS population just because it’s still *below* its proportion of the total population doesn’t stop it from being true, and those dying still won’t be able to vote in future elections no matter how you adjust it.
Of all the graphs & charts I've done over the past couple of years, this one includes the single eeriest coincidental data point.
(By “coincidental” I don’t mean the overall pattern, I mean the fact that the crossover happened on that EXACT date as opposed to a week or two earlier or later.)
The crossover date does shift around a bit if you use the reddest/bluest 20% or 30%, but at 10%, which is what I’ve been using in a lot of my work, it’s right on the nose.
Many people have asked me why the Biden Admin didn’t move on this LAST year. There’s two reasons I can think of: First, the process is a long & convoluted one; it might simply have taken a full year to get to this point. 1/
The other is more pragmatic: They were hoping to have #BuildBackBetter passed and signed into law by now. The CBO score *without* the family glitch will likely be billions of dollars higher than with it still in place. They might’ve been hoping to lock in ARP legislatively first.
With the #FamilyGlitch fixed, up to 5.1 million more Americans would become eligible for #ACA subsidies. Assuming half of them took this up, that’d increase enrollment by another ~18% or so. CBO scored permanent ARP subsidies at ~$220B over a decade, so that’d go up ~$40B or so.