"It's estimated that if the tax credits expire, ACA Marketplace premiums will more than double on average next year."
"This has implications in terms of overall access to care for members, and we also believe it will have financial implications across the entire population, including employer-sponsored insurance and commercial populations, in terms of premiums needing to go up to help support what we think the effect of the end of the exchange credits will look like,"
"It's something I'm personally worried about, and want to make sure that as many people have access to care as possible at an affordable price as possible, both exchange members, but also employers that are very cognizant of their premiums and [are] dealing with the same affordability challenges,"
The government shutdown hinges in part on the impending expiration of enhanced Affordable Care Act premium tax credits introduced in 2021 that lowered marketplace monthly premiums. Lawmakers are divided, with Democrats seeking an extension and Republicans showing reluctance. If the credits expire, ACA Marketplace premiums are estimated to more than double on average next year, leading to higher uninsured rates and reduced access to care. Broader financial effects would likely spread to employer-sponsored and commercial insurance, forcing premiums up and causing provider systems to deliver more unreimbursed care, creating spillover strains across the healthcare system.
Read at MedCity News
Unable to calculate read time
Collection
[
|
...
]