CNBC August 8, 2022
Key Points
– The Inflation Reduction Act, which cleared the Senate on Sunday, includes an extension of temporarily expanded subsidies put in place for 2021 and 2022.
– The House would need to approve the bill before it could be sent to President Joe Biden for his signature.
– Without the extension for the more generous subsidies, some people would see their premiums rise by more than 50%, according to the Kaiser Family Foundation.
Households that get help paying for health insurance through the public marketplace are likely to continue qualifying for more generous subsidies under a congressional bill moving closer to final approval.
The Inflation Reduction Act, which cleared the Senate on Sunday, includes an extension of temporarily expanded...
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