Obamacare Premium Spike Warning Drives Democrats’ Extension Push

Democrats are prodding Republicans to support extending enhanced Obamacare tax credits by the end-of-the-month deadline to avoid the prospect of premium spikes that could drive enrollees to drop coverage.

Senate Minority Leader Chuck Schumer (D-N.Y.) said there’s pressure to extend the tax credits by October because enrollees will receive notices about their premiums, which are anticipated to rise without renewal.

“More Americans as I said will get their letters in the mail telling them about the costs skyrocketing for them hundreds of dollars, even thousands,” Schumer said at a press briefing Tuesday.

Affordable Care Act premiums are set to go ...