Medical Xpress November 20, 2024
If Congress lets health care tax credits established during the pandemic expire, 4 million Americans will become uninsured, a new analysis warns.
The tax credits, which have significantly lowered out-of-pocket costs for millions of Americans, are set to expire at the end of 2025.
“Allowing these credits to expire will force families to choose between health care and other necessities like housing and food,” said Katherine Hempstead, a senior policy adviser at the Robert Wood Johnson Foundation (RWJF). It supported the analysis and an interactive data simulation, which were conducted by a team at the Urban Institute, a public policy think tank.
“The implications will be profound, with the ripple effects being felt across the entire U.S. economy,” she added...
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