Commentary
Last month, President Biden proposed fixing the so-called “family glitch,” a quirk in Obamacare’s text that has prevented millions of people from purchasing subsidized coverage through the exchanges.
It’s only the latest attempt to gift more people taxpayer-sponsored health coverage. The result will be rising premiums, fewer coverage options, and ballooning costs for the public.
Consider how Biden addressed the “family glitch.” Obamacare allows workers to receive subsidized coverage through the exchanges if the cost of the individual health plan their employer offers exceeds 9.61 percent of their income.
But there’s no special allowance for workers with spouses or families. So a household may face the prospect of paying more than 9.61 percent of income for an employer-sponsored family plan or shopping for unsubsidized coverage for a spouse and kids on the exchanges. Either option could be cost-prohibitive….