BREAKING: The Congressional Budget Office sounds a five-alarm warning that if Republicans allow the Affordable Care Act’s extended subsidies to expire at the end of 2025 millions of Americans will become uninsured.

And that’s not all…

The bombshell report also found that premiums will spike drastically if the ACA subsidies expire.

The CBO stated that “not extending the credit will increase the number of people without health insurance and raise the average gross benchmark premiums for plans purchased through the marketplaces.”

The life-saving tax subsidies were implemented by President Biden in 2021 under the historic American Rescue Plan Act — and were then extended through 2025 by the Inflation Reduction Act. The tax credits have successfully lowered out-of-pocket costs for consumers.

“Without a permanent extension, CBO estimates, the number of uninsured people will rise by 2.2 million in 2026, by 3.7 million in 2027, and by 3.8 million, on average, in each year over the 2026-2034 period,” the report said.

It also projected a rise in 4.3% in gross benchmark premiums in 2026 if the subsidies expire with a rise of an average 7.9% between 2026 and 2034.

Of course, Republicans don’t care about the financial suffering of average Americans. Their entire political party exists to funnel more money to the rich and corporations. We must take a stand against their greed.

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