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- Health insurance premiums could double if Congress doesn't act.
Health insurance premiums could double if Congress doesn't act.
Millions of Americans are just days away from seeing their health insurance premiums double — or worse. The Affordable Care Act’s enhanced tax credits are set to expire on December 31st. Unless Congress acts immediately, families across the country will be hit with devastating premium hikes that could force them to choose between health care and basic necessities.
The timeline is brutally short. The Senate is preparing to vote on an extension on December 11th, and if lawmakers fail to act, the enhanced subsidies will vanish at the end of the year. Experts at the Kaiser Family Foundation warn that, without these enhanced tax credits, premiums would more than double on average next year. The Center on Budget and Policy Priorities says the spike would be “imminent,” and marketplace enrollees themselves report they would struggle to maintain coverage without the extra help — many say they’d have to cut back on food, rent, or essential medications to keep their insurance.
This crisis is entirely preventable. Senate Democrats have expressed willingness to strike a deal, and bipartisan conversations are underway, but momentum isn’t enough. Without a strong public outcry, Congress could still walk away and let the enhanced tax credits expire on December 31st, leaving millions of people facing unaffordable premiums on January 1st.
We cannot let that happen. Congress must extend the ACA’s enhanced tax credits before they expire at the end of the year. Every day of inaction leaves families in limbo, unsure whether their health care will still be within reach when the new year begins.
Thanks,
Mary
