Since we’re having high priced policies sold in the marketplace, then the issue is actually buying and paying for them.
It strikes me that the policies can continue being bought and sold. This congressman wants to implement tax credits to pay for the shortfall in people’s income rather than have direct government subsidies going to the purchase. He wants the people to have the money in hand that goes to the companies.
I want them to buy their own car insurance, too. In the long run that’s the best way to do it. I just don’t get subsidies in the form of tax credits to pay for my car insurance.
But, I see no reason for there to be a gap in time between coverage. Last year it was your cash plus fed subsidy that paid thru the fed. This year it will be your cash plus fed tax credit that pays thru your bank account.
IIRC, the Federal government collects a piece of EVERY premium.