Patients insured through marketplace plans face steep price increases without Congressional action

Medical Economics July 1, 2022
Todd Shryock

Congress has until the end of the year to renew subsidies through the American Rescue Plan

Health Insurance Marketplace consumers will most likely see substantial insurance cost increases at the end of the year unless Congress takes action.

Under the American Rescue Plan signed into law in March 2021, tax credits were established to help consumers pay for health insurance, but those credits expire at the end of 2022. If the credits are not renewed, HHS predicts that the number of uninsured Americans will increase significantly – up to three million people.

In addition, more than 10 million Americans will have reduced tax credits or lose them entirely. According to HHS projections,...

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