Overview
- President Trump denounced the Affordable Care Act subsidies on Truth Social as a windfall for insurers and urged sending the money directly to people, including through personal health savings accounts.
- Health insurer stocks fell on Monday, with Centene down about 7% to more than 8% in trading, while Molina, Elevance, UnitedHealth, and HCA also declined.
- The federal shutdown that began Oct. 1 continues as talks hinge on the subsidy question, and the Senate advanced a measure on Sunday aimed at reopening the government.
- Democrats are pushing to extend the enhanced credits before restoring government funding, while Republicans say they will consider the issue after reopening.
- A Washington budget group estimated this year’s federal payments tied to ACA plans at roughly $138 billion, and the enhanced subsidies have helped marketplace enrollment reach about 24 million since 2021.