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Treasury and the IRS proposed rules limiting the Obamacare premium tax credit, starting in 2027, to U.S. citizens, nationals, and certain lawfully present noncitizens. Bessent said taxpayers should not subsidize people ineligible under federal law. It follows the removal of more than 760,000 unverified ACA enrollees, estimated at $2.2 billion in savings. The rules are proposed, not final.
1:26
Treasury and the IRS proposed rules limiting the Obamacare premium tax credit, starting in 2027, to U.S. citizens, nationals, and certain lawfully present noncitizens. Bessent said taxpayers should not subsidize people ineligible under federal law. It follows the removal of more than 760,000 unverified ACA enrollees, estimated at $2.2 billion in savings. The rules are proposed, not final.
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