Rep. Jim Bridenstine told CNN today that in the current Obamacare replacement, that he can’t support, he would get a big subsidy via the refundable tax credit system.
He also explains to CNN why the tax credits are so damaging:
Bridenstine points out he would currently get a 3,000 tax credit from the federal government in Paul Ryan’s replacement bill, and argues that no one believes that should happen.
Further, he explains that the subsidies on the Obamacare exchanges are driving up the price of health care very quickly and we’re just taking those direct subsidies and turning them into refundable tax credits.
He says this will continue to drive up the utilization and the cost so that no one can buy insurance unless they ultimately get the subsidy, and there are plenty of people who don’t need a subsidy to buy health insurance.
He suggested that even if the Medicare expansion is sunsetted much earlier, that he still wouldn’t be able to support the bill without something done about the tax credits.
But he was optimistic that Trump is very open to negotiating changes to the bill.