John Cornyn: “In 2024, there were approximately 12 million Affordable Care…”

“$130 billion in 2025 alone. In some cases, these subsidies pay for phantom enrollees who are likely not even to know that they are covered by one of these policies. In 2024, there were approximately 12 million Affordable Care act marketplace enrollees who made zero medical claims. a highly unusual circumstance. 12 million no claims. Roughly 40% of those fully subsidized by the Biden era Covid credits made zero claims, meaning that these insurance companies received these very generous subsidies but incurred zero costs.” (11:20–11:30)

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