"Tax credits to help families afford insurance premium costs on ACA marketplaces will expire this month. Protesters hold a small peaceful demonstration in support of health care on September 23, 2017 in Livingston, Montana.William Campbell-Corbis via Getty Images On Thursday, two versions of legislation aimed at addressing a looming premium rate hike for participants on the Affordable Care Act's (ACA) marketplaces - one offered by Democrats, the other by Republicans - were blocked by Senate filibusters."
"During the pandemic, tax credits were offered to qualifying individuals and families to allow more access to the marketplaces. Those credits are set to expire at the end of this month, and will result in a 114 percent increase in premiums, on average, for around 22 million Americans. Polling indicates that many of the people affected by the increases will consider not purchasing insurance at all as a result."
Pandemic-era tax credits that made ACA marketplace plans more affordable will expire at month’s end, triggering an average 114 percent premium increase for about 22 million Americans. Polling shows many affected individuals may choose not to purchase insurance because of the spike. Republicans and the Trump administration previously declined to extend the credits or negotiate their renewal during the government shutdown. A Senate handshake produced an up-or-down vote that won majority support but was stopped by the filibuster. A separate Republican plan also obtained majority backing but likewise failed to advance.
Read at Truthout
Unable to calculate read time
Collection
[
|
...
]