Schumer Manchin
Senate Majority Leader Chuck Schumer and Sen. Joe ManchinDrew Angerer/Getty Images
  • The Centrist House Dems are trying to get the leaders of the party to act quickly.

  • The New Democrat Coalition is pushing for the revival of a reconciliation bill.

  • There is a chance that Democrats will set off a premium hike just before the elections.

A large group of House Democrats are stepping up pressure on party leaders to revive their economic agenda and avoid hitting voters with huge healthcare bills only weeks before the elections.

If the financial assistance program ends in December, many people will face steep health insurance premium increases. Many Democrats are locked in tight re- election races this fall.

The Democrats bulked up federal subsidies to cut monthly premiums for millions of Americans buying individual health insurance plans under theACA. Many Americans pay little or nothing for health coverage. Middle-class families were able to get federal assistance for the first time.

Major price hikes of hundreds of dollars will hit 13 million Americans if Democrats don't revive a reconciliation bill that extends the enhanced subsidies. The Department of Health and Human Services says three million people would lose their health insurance.

The group wrote a letter to Schumer and Pelosi and said that they couldn't afford the increased health insurance costs. It cannot happen on our watch.

The signatories included DelBene and others. The letter was reported by NBC.

Congress needs to act by the summer to make sure states and private insurers have enough time to enroll.

Senate Majority Leader Chuck Schumer is trying to reach a deal with Sen. Joe Manchin to extend the healthcare program. Democrats can only use their own votes in budget reconciliation to get the initiative renewed.

The program was extended for four years and the premiums were limited to 8.5% of income. The bill was sunk last year due to its potential to grow the national debt. Since that time, the measure has died in the Senate.

Senior Democrats hope to advance a smaller bill in the Senate by August 1 after Schumer and Manchin met four times in the last two months.

It is not known if the conservative West Virginia Democrat supports an extension of the program. Schumer told Insider that he and Manchin kept the details to themselves. It was a good meeting and I got into some details. We don't have a lot of time to go.

Business Insider has an article on it.