"Enhanced tax credits that have helped reduce the cost of health insurance for the vast majority of Affordable Care Act enrollees expired overnight, cementing higher health costs for millions of Americans at the start of the new year. Democrats forced a 43-day government shutdown over the issue. Moderate Republicans called for a solution to save their 2026 political aspirations. President Donald Trump floated a way out, only to back off after conservative backlash."
"The change affects a diverse cross-section of Americans who don't get their health insurance from an employer and don't qualify for Medicaid or Medicare - a group that includes many self-employed workers, small business owners, farmers and ranchers. It comes at the start of a high-stakes midterm election year, with affordability - including the cost of health care - topping the list of voters' concerns."
Enhanced Affordable Care Act premium tax credits that reduced premiums for most enrollees expired at the start of the new year, raising out-of-pocket costs for millions. Political efforts including a 43-day government shutdown, pressure from moderate Republicans, and a floated proposal from President Trump failed to restore the subsidies before expiration. The lapse affects people who buy coverage outside employer, Medicare, or Medicaid systems, including self-employed workers, small business owners, farmers, and ranchers. Some enrollees face premiums doubling or tripling. The expanded subsidies, enacted during the COVID-19 pandemic and later extended, had capped premiums and expanded eligibility.
Read at ABC7 New York
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