Reps. Jim Jordan (R-OH) and James Comer (R-KY) on Monday decried President Joe Biden’s “unlawful” $45 billion scheme to expand Obamacare.
RHONA WISE/AFP/GETTY IMAGESReps. Jim Jordan and James Comer on Monday decried President Joe Biden’s “unlawful” $45 billion scheme to expand Obamacare.
Jordan and Comer charged in their letter that the Biden administration wants the IRS to enact the rule for political purposes, as the potential 50 percent price hike will hit millions of Americans right before the pivotal 2022 midterm elections. The conservativesThe Internal Revenue Service recently issued a proposed rule that, if finalized, would unlawfully expand eligibility for taxpayer-subsidized health insurance under ObamaCare.
Second, the IRS’s proposed rule is poor policy and will cost billions of taxpayer dollars. Most people that the rule will affect already have coverage under employer health insurance plans. Because the rule will make more dependents eligible for taxpayer-subsidized plans, those dependents will likely switch coverage. In other words, the rule ‘would mostly displace private spending with government spending as dependents replace employer coverage with subsidized exchange coverage.
Brian Blase, who served as a special assistant to former President Donald Trump for economic policy at the National Economic Council,
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