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Premium Tax Credits

All articles tagged with #premium tax credits

ACA enrollment deadline looms as subsidy talks stall in Congress
health1 month ago

ACA enrollment deadline looms as subsidy talks stall in Congress

Most states’ open enrollment for ACA plans ends today as Congress stalls on extending enhanced premium tax credits; 10 states have extended deadlines into late January, while a House-backed three-year extension faces Senate resistance and a bipartisan two-year compromise has stalled. Without subsidy relief, silver-plan premiums could rise around 22% in 2026, according to Urban Institute, complicating enrollment for millions. About 22.8 million people had enrolled in ACA marketplace plans as of Jan. 12, down from last year. Extensions could be retroactive, but mid-year changes would complicate logistics and timelines.

Bipartisan ACA subsidy push stalls over Hyde language
politics1 month ago

Bipartisan ACA subsidy push stalls over Hyde language

Republican senators say a long-sought bipartisan plan to extend the ACA's enhanced premium tax credits for two years has stalled, with a key fight centering on Hyde language and White House buy-in. The proposal would extend the open enrollment period, set an income cap at 700% of the federal poverty level, require a minimum premium, impose a $100,000 fraud penalty, and in the second year allow funds to go into HSAs. Democrats blame Republicans for the halt, while some House and Senate leaders discuss a vehicle for the extension, leaving subsidy relief uncertain as enrollment deadlines approach.

politics1 month ago

Fresh GOP dealmaker pushes Obamacare subsidy revival

Ohio Sen. Bernie Moreno, a freshman aligned with Trump, is driving a bipartisan push to extend Obamacare subsidies, aiming to win about 35 GOP votes for a two-year extension that adds a $5 monthly premium minimum and a 700% FPL cap, with the second year allowing subsidies to be taken as cash in health savings accounts; the talks include Collins, Shaheen, Kaine, Murkowski and King, and are tangled with abortion-language disagreements that Democrats say could derail the deal.

Congressional Divisions and Disputes Over Shutdown and Healthcare Plans
politics3 months ago

Congressional Divisions and Disputes Over Shutdown and Healthcare Plans

Amid the ongoing 40-day government shutdown, Pennsylvania Congressman Brendan Boyle and others oppose a proposed deal that does not address the healthcare crisis, specifically the expiring Premium Tax Credits that could significantly increase health insurance costs for millions, including 500,000 Pennsylvanians. While some Democrats, including Senator Fetterman, support reopening the government, others argue the deal is insufficient without a firm commitment to extend healthcare benefits, highlighting the ongoing political debate and potential impact on healthcare access.

Expect Significant Premium Increases During ACA Open Enrollment
health3 months ago

Expect Significant Premium Increases During ACA Open Enrollment

The upcoming ACA open enrollment starting Nov. 1 faces uncertainty due to potential expiration of enhanced premium tax credits, which could significantly increase premiums for many enrollees. Consumers should stay informed about legislative developments, update their account information, and carefully compare plan costs, especially if subsidies are not extended. Planning and flexibility are key, as lawmakers may still act to influence premiums and subsidies before the enrollment deadline.

Americans worry about premium hikes as ACA subsidies face expiration amid shutdown
politics4 months ago

Americans worry about premium hikes as ACA subsidies face expiration amid shutdown

Some Americans are worried that the expiration of enhanced ACA subsidies at the end of 2025 could lead to significantly higher health insurance premiums, potentially forcing many to downgrade coverage or go without insurance, amid ongoing political disagreements over government funding.

Exploring the Causes of the Government Shutdown Over Healthcare Disputes
politics4 months ago

Exploring the Causes of the Government Shutdown Over Healthcare Disputes

The current US government shutdown is driven by a dispute over extending enhanced premium tax credits for ACA plans, which help keep health insurance affordable for millions. Democrats oppose a short-term funding bill that doesn't include this extension, citing concerns about rising premiums and coverage loss, while Republicans are divided on the issue. The debate highlights ongoing political battles over Obamacare and the importance of these subsidies for millions of Americans.

Debate intensifies over Obamacare funding amid government shutdown fears
politics5 months ago

Debate intensifies over Obamacare funding amid government shutdown fears

The expiration of Obamacare funding and enhanced premium tax credits is causing political debate in Congress, with Democrats urging for immediate extension to prevent sharp premium hikes and coverage disruptions, while Republicans are hesitant to act quickly, leading to a potential government shutdown and increased uncertainty for enrollees.