Becker's Healthcare September 25, 2024
U.S. Senators Jeanne Shaheen (D-N.H.) and Tammy Baldwin (D-Wis.) have introduced the Health Care Affordability Act, which aims to permanently extend the Affordable Care Act’s enhanced premium tax credits for marketplace coverage.
The credits, originally extended through the Inflation Reduction Act, are set to expire at the end of 2025. If they are not renewed, over 20 million Americans will see higher health insurance costs, with an estimated 3 million losing coverage and about 9 million paying more, according to a news release. Identical legislation was introduced in the House by Rep. Lauren Underwood (D-Ill.).
The tax credits increased subsidies for individuals earning between 100% and 400% of the federal poverty level and expanded eligibility for those earning above...
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