Austin Group Health Insurance Under Scrutiny By Lawmakers Who Question Overspending

Austin Group Health Insurance Under Scrutiny By Lawmakers Who Question Overspending, updated 6/3/21, 11:38 PM

Rick Thornton, a health insurance agent in Austin, thinks lawmakers are too caught up in how the government will offset the expansion of premium tax credits than actually looking at how they are helping Americans.

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Austin Group Health Insurance Under Scrutiny
By Lawmakers Who Question Overspend
Group health insurance in Austin
has seen a significant increase in
signups since the current
administration enacted its
pandemic relief legislation a few
months ago.
More and more Americans are getting the
affordable healthcare they need, but
federal experts are still up in arms as they
worry about lack of accountability over an
initiative they say will ultimately cost
taxpayers nearly $45 billion when the dust
settles.
While that is all well and fine, according to
the office of United States Senator Pat
Toomey, a letter has been sent to
President Joe Biden demanding that his
administration exercise greater oversight
over the expansion of Affordable Care Act
premium tax credits.
The concern is that Biden has no
plans to verify enrollment eligibility
for the expanded subsidies outlined
in the American Rescue Plan,
including for people who have
Austin small business health
insurance.
They also asked the administration to provide
"Additional details on the structure of the
improper payment program the status of the
development of the improper payment rate for
state-based exchanges, and a timeline for
completion of both improper payment rates."
Rick Thornton, a group health insura
More than 1 million Americans
who were previously uninsured
or underinsured have the
affordable healthcare they need
since the program started in
March.
Unemployment benefit recipients are
also eligible for subsidies and cost
sharing reductions during 2021 that
will undoubtedly add more benefits,
and Americans are also
overwhelmingly in support of the
latest maneuver.
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