If You Care About Poverty, Ditch the ACA Expanded Subsidies

My AEI colleague Mark Warshawsky recently wrote an excellent summary of policy reasons not to extend the COVID-era enhanced ACA subsidies. His explainer adds to a substantial body of work (examples here, here, and here) describing the policy problems with the enhanced subsidies, notwithstanding their largely positive treatment in the popular media. Another important reason to consider: the enhanced subsidies do little to reduce poverty at substantial federal cost. Undoubtedly, this will make it more challenging to find funding to support anti-poverty efforts.