Healthcare Finance News July 30, 2024
If the subsidies expire, the Congressional Budget Office expects ACA Marketplace enrollment to drop sharply.
Rolling back enhanced subsidies for Affordable Care Act plans would probably lead to a significant uptick in premium payments, as these subsidies have been instrumental in fueling enrollment growth, according to a new KFF analysis.
Temporary subsidies were originally passed as part of the American Rescue Plan Act (ARPA) in 2021, which included two years of enhanced subsidies, 2021 and 2022. The Inflation Reduction Act (IRA), which passed in 2022, extended these enhanced subsidies for an additional three years, ending after 2025.
The enhanced subsidies increase the amount of financial help available to those already eligible for assistance under the ACA, and also expand those...
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