"Enhanced ACA tax credits were introduced during the pandemic to expand healthcare affordability, and they are set to expire at the end of this year if Congress doesn't act. This year, 93% of ACA marketplace enrollees received the tax credits.For many, these expanded subsidies have meant the difference between affording routine care for themselves and their loved ones and skipping these visits entirely."
"as well as potentially hurt the economy at large. Overall, healthcare leaders have a number of concerns about what could happen if Congress doesn't renew the expanded tax credits - premiums could increase, a larger share of Americans could become uninsured, hospitals could be forced into more bad debt and uncompensated care, and most worrisome, American public health would further deteriorate."
The government funding bill signed November 12 did not extend enhanced Affordable Care Act subsidies relied on by 24 million Americans. Enhanced ACA tax credits introduced during the pandemic and expanded through subsequent laws are set to expire at year-end unless Congress acts. This year 93% of marketplace enrollees received those credits, which helped many afford routine care. Loss of the subsidies could increase premiums, raise the uninsured rate, push hospitals into more bad debt and uncompensated care, strain hospital finances, harm public health, and create broader economic consequences.
Read at MedCity News
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