Obamacare Tax Credits Will Expire At End Of Year, Johnson Says

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Affordable Care Act subsidies will expire at the end of the year, House Speaker Mike Johnson, R-La., effectively confirmed Tuesday—meaning premiums for enrollees will soon skyrocket.

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Johnson told reporters lawmakers “worked on it all the way through the weekend . . . and in the end there was not an agreement—it wasn’t made.”

The average premium for Obamacare enrollees is expected to more than double next year when the tax credits expire.

Some Republicans, particularly moderates in swing districts, have acknowledged the political risks of hitting their constituents with higher payments by allowing the subsidies to expire.

This is a developing story and will be updated.

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