ACA suspends the Executive Director, the Chairman and 6 Board members of GNMTC
– The Executive Director of the General National Maritime Transport Company (GNMTC).
- The Chairman of the Board of Directors of the GNMTC.
- A member of the Board (No.1) of the GNMTC.
- A member of the Board (No.2) of the GNMTC.
- A member of the Board (No.3) of the GNMTC.
- A member of the Board (No.4) of the GNMTC.
- A member of the Board (No.5) of the GNMTC.
- A member of the Board (No.6) of the GNMTC.
The ACA said the suspension comes for reasons and requirements of the public interest, pursuant to the provisions of Article (31) of Law No. (20) of 2013 establishing the ACA, its amendments, and its executive regulations.
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Cost of Obamacare expected to soar as subsidies expire and insurers hike premiums
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The Inflation Reduction Act, passed in 2022, extended the subsidies through 2025. The domestic policy bill that President Donald Trump signed into law earlier this month, however, did not extend them further. (Subsidies for people with very low incomes that were put in place when the ACA was enacted will still be available.) The bill also added more hurdles for people who get their health insurance through the ACA, such as adding new paperwork requirements to renew coverage each year. Nearly 4 million people were projected to lose their coverage next year if the subsidies weren't extended, according to a 2024 analysis from the Congressional Budget Office, a nonpartisan agency that provides budget and economic information to Congress. A loss of coverage would also have implications for the cost of insurance. 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Higher out-of-pocket costs ACA enrollment reached a record high last year, totaling more than 24 million people, according to the Centers for Medicare & Medicaid Services. Much of that growth was from the extended subsidies, the agency said. The average monthly premium was $113, compared with $162 in 2020. According to KFF's latest analysis, most ACA insurers are proposing premium increases of 10% to 20% for 2026. More than a quarter, the group said, are proposing premium increases of 20% or more. What people actually end up paying out of pocket for their monthly premiums could increase, on average, by more than 75%, Larry Levitt, the executive vice president for health policy at KFF, said on a call with reporters last week. A family of three earning $110,000 a year and enrolled in a silver ACA plan — which usually comes with moderate monthly premiums — could see their monthly cost jump from $779 this year to $1,446 in 2026 when the enhanced subsidies expire, according to KFF. 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ACA suspends the Executive Director, the Chairman and 6 Board members of GNMTC
Based on the report of the Administrative Control Authority's (ACA) Director of the General Department of Control on the productive sectors and infrastructure No. (1392-39), and what is required by the public interest, the President of the ACA issued on 13 July his decision No. (391) of 2025 suspending from work the following: – The Executive Director of the General National Maritime Transport Company (GNMTC). - The Chairman of the Board of Directors of the GNMTC. - A member of the Board (No.1) of the GNMTC. - A member of the Board (No.2) of the GNMTC. - A member of the Board (No.3) of the GNMTC. - A member of the Board (No.4) of the GNMTC. - A member of the Board (No.5) of the GNMTC. - A member of the Board (No.6) of the GNMTC. The ACA said the suspension comes for reasons and requirements of the public interest, pursuant to the provisions of Article (31) of Law No. (20) of 2013 establishing the ACA, its amendments, and its executive regulations.
NBC News
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- NBC News
Health care has been a job market bright spot, but Trump's budget bill looms over the industry
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It could lead to the loss of nearly 500,000 health care jobs over the next decade, according to an analysis by George Washington University and the Commonwealth Fund. The expiration of the ACA tax subsidies, which were enacted in 2021, would result in the loss of an additional 140,000 jobs, a separate analysis from George Washington University found. 'Hospitals will close, health centers will close, pharmacies in some parts of the country will close because they will lose revenue,' said Leighton Ku, director for the Center for Health Policy Research at George Washington University, who worked on the analyses. 'There are going to be job losses, and we're talking about middle class jobs being lost.' That would be a blow to one of the strongest, steadiest areas of the job market in recent years. Health care accounted for nearly half of the jobs added in the U.S. in May, according to the Bureau of Labor Statistics. Last year, around half of the 2.2 million jobs added to the economy were in health care-related sectors, according to an analysis by S&P Global. That has helped offset job cuts and stagnant growth in other sectors of the labor market, like retail and manufacturing. 'Right now, a lot of what is driving these positive headline numbers and bolstering the labor market is the health care sector,' said Allison Shrivastava, an economist with job listing site 'It's something that has been a constant. The health care sector has been a pretty big mainstay as the rest of the labor market has cooled.' The health insurance provisions are part of a broader spending bill that has passed the House and is currently making its way through the Senate. The legislation, which Republicans have dubbed the " Big Beautiful Bill Act," would cut around $800 billion from Medicaid, the health insurance program for the poor and disabled, in order to help offset some of the $4 trillion in tax cut extensions in the bill for individuals and corporations. A version of the bill currently in the Senate, which plans to start voting on the legislation next week, would go even further in reducing spending on Medicaid, by including a provision to limit states' use of taxes on hospitals and other health care providers that help states fund their share of the Medicaid program. The cuts would take a particular toll on health care providers in rural areas, where patients are more likely to be insured through Medicaid than those in metro areas. Researchers at Georgetown University found that 40% of children in small and rural towns receive their health insurance from Medicaid. Already, one-third of all rural hospitals in the country are at risk of closing because of financial difficulties, according to a report this month from the Center for Healthcare Quality and Payment Reform. Also at risk are Community Health Centers, which employ more than 300,000 workers and receive a portion of their funding from the federal government. Those centers, which serve at least 32 million mostly lower-income patients a year, get about 40% of their revenue from Medicaid. 'Our health centers operate on razor-thin margins, so any kind of disruption in payments or reimbursements, even for a short time, can have a significant impact,' said Joe Dunn, chief policy officer for the National Association of Community Health Centers. 'About 40% of health centers are in rural America, and oftentimes they are the only primary care in that community. We have health centers in towns of a few hundred people, and there may not be any other kind of health care network there.' Absent any policy changes from Congress, the health care sector had appeared to be on track for continued growth — and largely isolated from wider concerns about tariffs and an economic slowdown. The number of job postings for doctors and surgeons on are about 90% higher than their pre-pandemic levels, listings for home health aides are up 46%, and openings for nurses are up 16%, Shrivastava said. Health care job postings on represent 27% of all active job listings and health care postings are beginning to make up a larger share of new job postings, according to data from ZipRecruiter. A loss of that hiring momentum from funding cuts would leave one less positive driver for the job market. 'Right now, the labor market as a whole is arguably in a stagnant position,' said Shrivastava. 'People are not wanting to leave their jobs, they're nervous about whether or not they'll be able to find another job, and companies aren't really looking to hire. Health care has been the exception to that.'
