"Fifty-two-year-old Dinam Bigny sank into debt and had to get a roommate this year, in part because of health insurance premiums that cost him nearly $900 per month.Next year, those monthly fees will rise by $200 - a significant enough increase that the program manager in Aldie, Virginia, has resigned himself to finding cheaper coverage."I won't be able to pay it, because I really drained out any savings that I have right now," he said."
"The enhanced premium tax credits set to expire at the end of this year have been at the center of recent tensions in Congress, with Democrats calling for a straight extension and several Republican lawmakers vehemently opposed to the idea. Their inability to agree on a path forward fueled a record 43-day government shutdown earlier this fall."
Dinam Bigny faces nearly $900 monthly premiums that will increase by $200 next year, draining savings and prompting major lifestyle changes. A KFF survey of more than 1,300 Affordable Care Act marketplace enrollees in early November found most expect their health costs to rise if enhanced COVID-era premium tax credits expire; over 90% of enrollees currently receive help paying premiums. The credits are set to expire at year-end amid congressional disagreement and partisan opposition, while short-term extension or reform proposals circulate and open enrollment proceeds with limited time to secure subsidized plans.
Read at Fast Company
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