TFIGlobal
TFIGlobal
TFIPOST English
TFIPOST हिन्दी
No Result
View All Result
  • Indo-Pacific
  • Americas
  • Canada
  • Indian Subcontinent
  • West Asia
  • Europe
  • Africa
  • The Caribbean
TFIGlobal
  • Indo-Pacific
  • Americas
  • Canada
  • Indian Subcontinent
  • West Asia
  • Europe
  • Africa
  • The Caribbean
No Result
View All Result
TFIGlobal
TFIGlobal
No Result
View All Result
  • Indo-Pacific
  • Americas
  • Canada
  • Indian Subcontinent
  • West Asia
  • Europe
  • Africa
  • The Caribbean

Biden is shutting down Obamacare

Ansh Pandey by Ansh Pandey
May 27, 2022
in Americas, Geopolitics, Global Issues
Obamacare logo
Share on FacebookShare on X

Joe Biden and the Democrats are facing the threat of a political time bomb known as ‘Obamacare’ that might detonate right before November’s midterm elections.

Last year President Joe Biden increased subsidies to cut monthly premiums and make health insurance more affordable for 13 million people buying individual plans under the Affordable Care Act (ACA). For Democrats, this was a significant move to improve the stimulus designed inside Obamacare and widen its access to the middle-class.

Also Read

Trump vs BRICS: Tariffs, Tensions, and the Pushback from China India and Russia

Trump to deploy 10 F-35 and considering a military strike inside Venezuela against drug cartels-Reports. President Maduro says the USA is committing a massacre… Is this huge American military deployment just to finish drug cartels or regime change? 

“Looks like we’ve lost India and Russia to deepest darkest China…” Trump. What next ?

However, these healthcare premiums under the Affordable Care Act (ACA), also known as Obamacare, are set to expire in October 2022. Now unless the Democrats revive it again, the funds will not get restored.

The chances of restoration are getting bleak day by day as rumors have started erupting that Obamacare, a fund on which 14.5 million Americans rely is getting canceled before the midterms in 2022.

Source – The New York Times

Obamacare is shutting down

Obamacare is a really important fund for a major chunk of Americans as it helps them to receive medical services without paying heavy premiums of insurance. The temporary scheme that was started back in 2010 is scheduled to be closing on 31st October 2022.

If this fund which had an estimated expenditure of $1.683 trillion in the last 10 years is closed just before the midterms elections, the consequences will be dire for the Americans and even for the Democrat party.

Larry Levitt, vice president for health policy at the Kaiser Family Foundation has explained clearly how Obamacare could be a time bomb for Americans.

If Congress lets the ACA premium help in the American Rescue Plan expire at the end of this year, middle-class people buying their own insurance would be hit hardest.

They could face a double whammy of inflation and the loss of premium assistance, costing thousands of dollars.

— Larry Levitt (@larry_levitt) May 20, 2022

Firstly, if the congress that has the power to extend the fund makes it clear that the funds under the ACA will no longer cease to exist, middle-class people buying their insurance would be hit the hardest. They could face a double attack of inflation and the loss of premium assistance, costing them thousands of dollars.

The most catastrophic price increases would be around the corner in states like Georgia, New Hampshire, and Arizona. All of these states are Democrats ruled and are at stake for them in the November midterms. None of the wage earners would be left to not feel the heat of the decision.

Read more: Biden has been consulting Obama. That means Obamacare, Iran nuclear deal, and war in Syria are just around the corner

The move is a Political Suicide

The cancellation of Obamacare just before the midterms would become a major setback for the Democratic party which is already getting certain of defeat in the midterms as Voters would start getting notified about their premium increases in late October due to lack of subsidy. Just before they cast ballots for the November midterms.

And those who are not notified would learn about their insurance bill increases scheduled to kick in next year when they start browsing plans on November 1, the start of the next ACA open enrollment period.

Americans especially the Democrat voters will lose access to government help and would feel the brunt of the increases. If you’re in that situation, you’d see all financial aid removed and your net cost increased pretty dramatically, wouldn’t your discernment get visible?

A similar could happen with Democrat voters. So, Democrats returning to the senate will just become a more difficult task.

Read More: Good News: US budget deficit is falling; Bad News: This happened due to a ‘fraud’

Extending the extra ACA premium assistance beyond this year would result in increased federal spending, which might be covered by tax hikes or lower pharma prices. If the assistance is not extended, ACA consumers will face a premium shock.

Although the 14.5 million ACA enrollees represent a minor percentage of the population, large premium hikes due to expiration subsidies could have far-reaching political implications. The Affordable Care Act (ACA) is a major program for Democrats, and premium hike notices would arrive just before the election.

So, how will Biden cover the plot and make sure democrats triumph in the midterms is surely becoming a more difficult task.

Watch –

Tags: BidenMid-Term ElelctionsObamaObamacareUSA
ShareTweetSend
Ansh Pandey

Ansh Pandey

Associate Editor, tfiglobalnews.com

Also Read

Trump says the Ukraine war will end fast if NATO does exactly what he tells them

Trump says the Ukraine war will end fast if NATO does exactly what he tells them. Is it Path to End the War or a Risk to Western Unity?

September 15, 2025
NATO has made Russia invincible, Ukraine war has helped Putin perfect his military exposing western weaknesses

NATO has made Russia invincible, Ukraine war has helped Putin perfect his military exposing western weaknesses

September 15, 2025
After drone threats Poland shaken by wrath of Oreshnik, Warsaw fears Putin’s anger for arming Ukraine

After drone threats Poland shaken by wrath of Oreshnik, Warsaw fears Putin’s anger for arming Ukraine

September 13, 2025
Right after Russia’s Poland drone adventure, US lifts sanctions on Belarus airlines, is Trump abandoning EU?

Right after Russia’s Poland drone adventure, US lifts sanctions on Belarus airlines, is Trump abandoning EU?

September 12, 2025
Despite US aid worth over $200 bn, Ukraine lobby celebrates killing of Charlie Kirk for anti Zelensky stance

Despite US aid worth over $200 bn, Ukraine lobby celebrates killing of Charlie Kirk for anti Zelensky stance

September 12, 2025
Despite pressure from Trump, India rejects US oil opts for $200 mn deal with Nigeria instead

Despite pressure from Trump, India rejects US oil opts for $200 mn deal with Nigeria instead

September 11, 2025
Youtube Twitter Facebook
TFIGlobalTFIGlobal
Right Arm. Round the World. FAST.
  • About Us
  • Contact Us
  • TFIPOST – English
  • TFIPOST हिन्दी
  • Careers
  • Brand Partnerships
  • Terms of use
  • Privacy Policy

©2025 - TFI MEDIA PRIVATE LIMITED

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Indo-Pacific
  • Americas
  • Canada
  • Indian Subcontinent
  • West Asia
  • Europe
  • Africa
  • The Caribbean
TFIPOST English
TFIPOST हिन्दी

©2025 - TFI MEDIA PRIVATE LIMITED

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. View our Privacy and Cookie Policy.