President May Veto Extension of Obamacare Subsidies

President Trump indicated he may veto legislation to extend Affordable Care Act (ACA) subsidies, creating uncertainty for millions of Americans relying on these federal health insurance tax credits. Without the extension, premiums could rise significantly after subsidies expired at the end of 2025.

The House recently passed a Democratic-backed bill restoring the subsidies, with some Republican support, while the Republican-controlled Senate has already rejected similar legislation. Americans have until January 15 to enroll in ACA coverage for 2026, though the administration could extend the deadline, highlighting the ongoing impact of policy decisions on public access to affordable health coverage. Read more from Reuters here.