The GOP Is Inflating Health Care Costs — for Its Own Voters
Small businesses, southern states and the working-class will lose valuable tax credits at year-end.
Time for a check-up.
Photographer: Joe Raedle/Hulton Archive/Getty Images
Unless the Trump administration and Republicans in Congress act quickly, millions of working Americans could lose access to their health insurance at the end of this year. Among the most affected will be small businesses and middle-income earners — many of whom, ironically, live in congressional districts that vote Republican.
An estimated 4.7 million small business owners and self-employed workers relied on the Affordable Care Act Marketplace to obtain health insurance in 2023, according to the latest figures from the Treasury Department. But the tax credits these businesses use to offset their health insurance costs are set to expire at the end of December — and neither the Trump White House nor Republicans in Congress are poised to do anything about it.