Vance says ACA credits fuel fraud as Democrats push for extension to end shutdown - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Advertise
    • Contact
    • Editorial Staff
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Health/Employee Benefits News
Newswires RSS Get our newsletter
Order Prints
October 13, 2025 Newswires
Share
Share
Tweet
Email

Vance says ACA credits fuel fraud as Democrats push for extension to end shutdown

BO ERICKSON and TED HESSON ReutersHawaii Tribune-Herald

WASHINGTON - Vice President JD Vance criticized Affordable Care Act tax credits on Sunday, labeling them vehicles for fraud and calling for regulatory reform, even as Democratic lawmakers seek to extend healthcare subsidies in the standoff over the government shutdown.

"The tax credits go to some people deservedly, and we think the tax credits actually go to a lot of waste and fraud within the insurance industry. So we want to make sure that the tax credits go to the people who need them," Vance told CBS News' "Face the Nation." Vance's view contrasts with the stance of Senate Democrats who have used their legislative leverage for the past two weeks to withhold votes for a stopgap funding bill to reopen government. Most Democrats in the upper chamber have held out to push for a range of healthcare fixes such as a possible extension of enhanced insurance tax credits that are set to expire at the end of the year. The shutdown is nearing its third week. Republicans, who control both chambers of Congress, have offered a short-term funding plan until November, and the party's leaders have said that healthcare negotiations can start after Democrats vote to reopen the government.

U.S. President Donald Trump said last week that he was open to negotiations on healthcare policy, but only after the shutdown ends.

"We also think that Obamacare gave the health insurance industry a lot of ridiculous regulation that if we cut out, we can give people access to better healthcare at a lower cost. That's what we're working on," Vance added on Sunday.

More than 24 million Americans are enrolled in the Affordable Care Act marketplace, meant for people who do not have access to insurance through their jobs. U.S. House Minority Leader Hakeem Jeffries on Sunday defended Democratic opposition to the spending bills ahead of the November 1 start of the annual enrollment period for federal healthcare plans. "You've got people who are facing dramatically increased healthcare costs because of the refusal of some of my friends on the other side of the aisle to even have a conversation about extending the Affordable Care Act tax credits," Jeffries said during a "Fox News Sunday" appearance. "That's not acceptable in this moment."

Older

Best’s Market Segment Report: Sub-Saharan Africa’s Reinsurers Staying the Course Amid Economic Uncertainty

Newer

Bitcoin’s Best Quarter Returns as $18 Billion Floods Crypto ETFs in Q3

Advisor News

  • Private equity, crypto and the risks retirees can’t ignore
  • Will Trump accounts lead to a financial boon? Experts differ on impact
  • Helping clients up the impact of their charitable giving with a DAF
  • 3 tax planning strategies under One Big Beautiful Bill
  • Gen X’s retirement readiness is threatened
More Advisor News

Annuity News

  • LTC annuities and minimizing opportunity cost
  • Venerable Announces Head of Flow Reinsurance
  • 3 tax planning strategies under One Big Beautiful Bill
  • MetLife Completes $10 Billion Variable Annuity Risk Transfer Transaction
  • Gen X’s retirement readiness is threatened
More Annuity News

Health/Employee Benefits News

  • 1 in 4 ACA enrollees likely to forgo insurance if premiums double
  • EXAMINING IMPACT OF FEDERAL RELIEF PROGRAM AFTER MAJOR HEALTHCARE CYBERATTACK
  • Ciscomani among bipartisan House coalition urges action on ACA premium increases
  • Guest column: Congress should work to lower health care costs
  • MICHELLE MALKIN: How did Obamacare waivers work out for big corporations? (2012)
Sponsor
More Health/Employee Benefits News

Life Insurance News

  • On the Move: Dec. 4, 2025
  • Judge approves PHL Variable plan; could reduce benefits by up to $4.1B
  • Seritage Growth Properties Makes $20 Million Loan Prepayment
  • AM Best Revises Outlooks to Negative for Kansas City Life Insurance Company; Downgrades Credit Ratings of Grange Life Insurance Company; Revises Issuer Credit Rating Outlook to Negative for Old American Insurance Company
  • AM Best Affirms Credit Ratings of Bao Minh Insurance Corporation
More Life Insurance News

- Presented By -

Top Read Stories

More Top Read Stories >

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Slow Me the Money
Slow down RMDs … and RMD taxes … with a QLAC. Click to learn how.

ICMG 2026: 3 Days to Transform Your Business
Speed Networking, deal-making, and insights that spark real growth — all in Miami.

Your trusted annuity partner.
Knighthead Life provides dependable annuities that help your clients retire with confidence.

Press Releases

  • Altara Wealth Launches as $1B+ Independent Advisory Enterprise
  • A Heartfelt Letter to the Independent Advisor Community
  • 3 Mark Financial Celebrates 40 Years of Partnerships and Purpose
  • Hexure Launches AI Enabled Version of Its Platform to Power Life Insurance Sales
  • National Life Group Board Approves Dividends for 2026
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Advertise
  • Contact
  • Editorial Staff
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2025 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.
Insurance News | InsuranceNewsNet