Thread by @charles_gaba

📣 You may know that Dems (& *only* Dems) passing the #IRA means ~13M ACA enrollees *won't* see an avg. $800+ spike in their healthcare premiums.

What you may not realize is that for 1.5M of them, that hike would've actually been more like $3,800 on avg!
acasignups.net/22/08/09/updat…

Under the pre-ARP/IRA subsidy formula, ACA enrollees earning more than 4x the poverty level weren't eligible for *any* financial help. This means if the ARP subsidies had expired, ~1.5M enrollees would've lost $3,277/yr in subsidies apiece. 2/

However, that was based on *2022* premiums. In 2023, individual market premiums are expected to go up an additional ~8.3% on avg. across 35 states.

That means these same 1.5M would have had to pay *another* ~$572/yr w/out the #IRA on top of that $3,277.

acasignups.net/22/08/09/updat…

Here's a quick refresher about how ACA subsidies were *massively* improved under the #ARP (& extended under the #IRA) for various households:
acasignups.net/22/01/13/how-m…

The red areas show the max % of income enrollees had to pay at various income levels under the original ACA subsidy formula. It's a sliding scale up to 4x poverty, at which point financial help was cut off *entirely*.

The blue areas show the max % under the ARP/IRA formula.

Under the original formula, enrollees earning between 100 - 400% FPL paid a maximum of between 2.1 - 9.8% of their income, but full price over 400% FPL.

Under the ARP/IRA formula, they pay a max of 0 - 8.5% between 100 - 400% FPL, and no more than 8.5% over that threshold.

The only downside of this IRA provision is that it expires at the end of 2025.

Still, if Dems can hold the House & build on our Senate majority, we can make it *permanent*... along w/closing the Medicaid Gap & *much* more! Help make that happen here:
americabluein22.com

P.S. Ironically, just minutes ago I received a notice from Congress.gov that @RepChrisPappas just became the latest cosponsor of @RepUnderwood's #HR369, which would do *exactly* what the ARP & IRA do for ACA subsidies, except *permanently*.

(don't let the small number of official cosponsors fool you...nearly every House Dem has already voted for it to be permanent several times over the past few years.)

As a reminder, here's a breakout by *Congressional District* of how much premiums *would* have jumped if Democrats (and ONLY Democrats) *hadn't* passed the #IRA:
acasignups.net/22/08/08/congr…