A coalition of 28 healthcare organizations has called on Congress to extend the Affordable Care Act enhanced premium tax credits before they expire at year's end. Organizations like AHIP and the American Medical Association emphasized that the tax credits, originally issued during the Covid-19 pandemic, significantly lower premiums for Americans using state and federal Marketplaces. Without the extension, families could see premium increases of up to $17,500 annually, impacting their cost of living and health. Open enrollment begins on November 1, adding urgency to the matter.
If Congress now allows the enhanced tax credits to expire at the end of the year, "the cost of health insurance will explode, with typical American families forced to pay hundreds or thousands of dollars more each month to keep the coverage they have."
Expiration of the tax credit will create a cost-of-living crisis for millions of American families in 2026, with significant premium increases expected.
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