Richmond health group warns of ‘trickle down effect’ as ACA tax credits face expiration

“RICHMOND, Va. (WWBT) – As the government shutdown drags on, a battle over healthcare funding continues.

Democrats are pushing for a permanent extension of the Affordable Care Act tax credit extensions, which lower or eliminate insurance premiums for millions of Americans. They are set to expire at the end of the year.

The Congressional Budget Office estimates extending the subsidies permanently would cost approximately $350 billion over the next 10 years.

At a roundtable in Richmond on Monday morning, Senator Tim Kaine spoke with local businesses about a number of economic pressures, including cuts to Medicaid and rising healthcare costs.”

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