Obamacare subsidies offer welfare to the wealthy

Published August 24, 2021 12:00pm ET



This week, the House of Representatives will consider the $3.5 trillion budget resolution that passed the Senate earlier this month. The proposal includes a host of liberal goals, including permanently extending certain Obamacare subsidies that Congress had previously made more generous only through 2022.

These subsidies are already enormously expensive. Making them permanent would impose an immense burden on taxpayers while doing relatively little to cover the uninsured. As a part of its $1.9 trillion American Rescue Plan, Congress directed more than $34 billion toward reducing exchange plan enrollees’ premiums. But as Brian Blase of the Galen Institute recently estimated, about 75% of the people who received those expanded subsidies already had health insurance.

Already a print subscriber? Click here to login/register your account

Trusted reporting.Unlimited access.

Subscribe for full access to Washington Examiner coverage, expert political analysis, and subscriber-only journalism.

Get Unlimited Access

Already a member? Log in

Cancel anytime.