Becker's Healthcare December 9, 2024
Enhanced subsidies under the Affordable Care Act are set to expire at the end of 2025, with Democratic lawmakers racing to reach a deal with Republicans to extend the tax credits before this year’s legislative session concludes.
On Dec. 5, Democrats privately proposed a one-year extension of the ACA subsidies, which would prevent an estimated 2.2 million people from losing health coverage, people familiar with the matter told The Washington Post.
Five notes:
- Premium tax credits for ACA coverage were originally extended through the Inflation Reduction Act, which President Joe Biden signed into law in 2022. The subsidies offer assistance to individuals earning up to 400% of the poverty level. This year, enrollment in ACA plans reached a...
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