California's health insurance marketplace braces for chaos as shutdown persists
Briefly

California's health insurance marketplace braces for chaos as shutdown persists
"Health care analysts say the nation's uninsured population will rise significantly if federal lawmakers do not agree to renew covid-era tax credits, which Congress authorized in 2021 to supplement ACA subsidies. They're popular too. According to a KFF poll, more than three-quarters of adults, including 59% of Republicans, say they want Congress to extend the enhanced tax credits for people with low and moderate incomes."
"If the supplemental subsidies are not extended beyond this year, the amount subsidized consumers pay for their ACA health plans is expected to more than double on average. That would be a painful cost-of-living increase for most of the country's more than 24 million marketplace enrollees, including almost 90% of the nearly 2 million people in Covered California, the largest state-run health insurance marketplace."
California will notify ACA marketplace enrollees that costs could rise sharply next year unless Congress extends enhanced covid-era tax credits authorized in 2021. The credits lowered premiums, helped millions afford ACA insurance, and reduced the uninsured rate. Polling shows over three-quarters of adults, including 59% of Republicans, want Congress to extend the credits for low- and moderate-income people. If not extended, subsidized consumers' payments are expected to more than double on average, threatening millions of marketplace enrollees nationwide and almost 90% of Covered California participants, likely forcing many to drop coverage.
Read at kffhealthnews.org
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