00:00It's Benzinga bringing Wall Street to Main Street
00:02The Trump administration began sending $500 refunds Wednesday to more than 950,000 Obamacare
00:08enrollees in 30 states, saying they had been overcharged for healthcare.gov operations
00:12under the Biden administration.
00:14According to CNBC, the Treasury Department is issuing checks or direct deposits, with
00:19some families receiving multiple payments.
00:21The refunds come after Enhanced Affordable Care Act subsidies expired at the end of 2025,
00:26causing premiums to rise for millions of households.
00:28The administration said the payments come from a surplus of user fees collected from
00:33insurers participating in the federal marketplace.
00:35The refunds come just over a month before the midterm elections, as Republicans trail Democrats
00:40in national and battleground polls.
00:42Health policy experts said the $500 refunds may not offset annual premium increases that
00:48reached several thousand dollars for some enrollees.
00:50For all things money, visit Benzinga.com.
