House Speaker Mike Johnson said he will not call for a vote on extending enhanced subsidies for people buying insurance through the Affordable Care Act. That effectively guarantees the subsidies will expire at the end of the month and premiums will spike substantially for some 20 million Americans who get their coverage this way. William Brangham reports on the subsidies and alternative ideas.
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Geoff Bennett:
House Speaker Mike Johnson said today he will not call for a vote on extending enhanced subsidies for people buying insurance through the Affordable Care Act. That effectively guarantees the subsidies will expire at the end of the month and premiums will spike substantially for some 20 million Americans who get their coverage that way.
In a moment, we will hear from Republican Senator Bill Cassidy, who's a key player in this debate.
But, before we do, we turn to the first of two reports on the subsidies and alternative ideas.
William Brangham focuses tonight on how the subsidies work and what's at stake if they expire.
Joe Biden, Former President of the United States: Because tens of millions of Americans will be a whole lot healthier from this moment on.
William Brangham:
It was March 23, 2010, and Vice President Biden whispers in President Obama's ear, "This is a big effing deal."
(Cheering)
Joe Biden:
This is a big (EXPLETIVE...
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