CHARLESTON, S.C. (WCSC) – South Carolina’s Republican leadership is praising the passage of the One Big Beautiful Bill.

While the benefits could help grow certain sectors of the economy, others are expected to be hurt.

Perhaps the largest hit from the bill is its impact on those who rely on federal health insurance. The nonpartisan Congressional Budget Office estimates nearly 11 million people are expected to be dropped from Medicaid programs by 2034.

Pack says the Affordable Care Act Enhanced Premium Tax Credits are set to expire at the end of the year. Unless Congress passes an extension for those tax credits, Pack says thousands could lose coverage.

She says there are nearly half a million people in this state on a marketplace plan.
“And over 95% of those folks are receiving a tax subsidy to be able to afford their premium costs. And so with the expiration of these tax credits, we fear that many of those people will no longer be able to afford that insurance coverage.”

Watch/read the full story by Live 5 News reporter Nick Reagan.