As the new year begins, Congress is still debating extending the Obamacare subsidies contained in the 2021 Covid Relief Bill. If Congress does not extend the subsidies, Americans who receive health insurance through the Obamacare exchanges could see their premiums double this year. This could cause many of them, especially young and healthy people, to cancel their insurance (Obamacare requires most Americans to purchase some form of health insurance, but the 2017 Tax Act reduced the penalty for non-compliance to zero).This will result in further increases in premiums.
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