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1h ago

Shutdown Standoff Puts ACA Premium Tax Credits at Risk

Insurers warn steep rate hikes unless Congress extends the subsidies.

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House Minority Leader Hakeem Jeffries, D-N.Y., speaks during a rally with members of the Democratic caucus about how a government shutdown would negatively effect health care coverage, on the House steps on Sept. 30.
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Overview

  • House Democratic Leader Hakeem Jeffries and Rep. Nydia Velázquez led a New York rally on Oct. 5 urging an extension during the shutdown.
  • Analysts cited in new commentary say average marketplace premiums could more than double and millions could lose affordable coverage if the enhanced aid expires Dec. 31.
  • Insurers are preparing open-enrollment materials for Nov. 1 and may price plans higher if they expect the credits to lapse.
  • Republicans argue there is time to negotiate before year-end, while Democrats say they are not proposing taxpayer-funded coverage for undocumented immigrants.
  • An MSNBC analysis disputes a White House memo claiming Democrats’ approach would spend nearly $200 billion on care for undocumented immigrants, noting ACA subsidies are limited to citizens and lawfully present residents.