Connect with us

Hi, what are you looking for?

OMD NewsOMD News

Finance

$7 Billion Impact: Biden Extends Obamacare to DACA Recipients – What To Know!

(photo: Politico)

President Biden’s decision to extend Obamacare subsidies to DACA recipients.

Financial Impact of Extending Obamacare to DACA Recipients Sparks Debate

The Congressional Budget Office (CBO) has forecasted that allowing DACA recipients to enroll in Obamacare will increase the federal deficit by $7 billion from 2025 to 2034. This follows President Biden’s decision to modify rules, making DACA recipients eligible for subsidized healthcare under Obamacare, according to the report of Daily Caller.

Previously, DACA recipients were ineligible for Obamacare subsidies due to their immigration status. Biden’s administration plans to change this by reinterpreting who qualifies as “lawfully present.” Critics are concerned about the financial impact of this policy shift, despite potential offsets from reduced emergency Medicaid spending.

READ ALSO: $393 Billion In Student Loan Costs, $45M Opioid Settlement, And Presidential Debate Anticipation: A Trillion-Dollar Week In American Politics!

(photo: Modern Healthcare)

Partisan Debate Erupts Over Extending Healthcare Benefits to DACA Recipients

The CBO report underscores possible savings from reduced emergency Medicaid expenditures but underscores a projected $7 billion rise in the federal deficit. The initiative, scheduled to commence on November 1, marks a substantial policy pivot aimed at better integrating DACA recipients into the U.S. healthcare framework.

Republican leaders have expressed doubts about the lasting fiscal viability of extending healthcare benefits to DACA recipients. This move has triggered partisan discourse mirroring wider debates on immigration policy, healthcare expenses, and fiscal prudence.

READ ALSO: $94.5 Million Settlement Awaits Rockton, Illinois Residents Impacted By Devastating Chemtool Plant Fire!

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Finance

There is finally an update on 4th stimulus check for Social Security Recipients! Individuals who receive Social Security benefits can expect to receive a...

Military

The attack using 14 military choppers that Russian President Vladimir Putin planned was destroyed by Ukraine using US-supplied long-range tactical missiles. Russian President Vladimir...

Finance

The Biden administration has announced recently that it plans to increase the monthly payments of seniors and veterans to $2,000. $2,000 in Monthly Payments...

Finance

In Texas, this September the SNAP payments will end, worth up to $1,691, on Friday. The household income determines eligibility. A single-person household must earn more than...