Summary
Starting in 2026, the cost of health insurance under the Affordable Care Act (ACA) could increase significantly for many Americans if Congress does not extend the extra subsidies introduced during the pandemic. Insurers plan to raise premiums by an average of 26% nationwide, with some states seeing even higher increases. These changes could lead to many people finding health insurance unaffordable.
Key Facts
- The ACA premiums are expected to rise by an average of 26% across the U.S.
- Virginia's premium increases will range from 4% to 40%, and in Colorado, costs will double.
- The higher costs are due to increased medical and prescription drug prices.
- If Congress allows the enhanced subsidies to end, some premiums could increase by 114%.
- Without these subsidies, residents in Minnesota might pay $2,000 more yearly.
- People making between 100% and 400% of the federal poverty level will still get some subsidies.
- The Trump administration states that many plans will still be cheaper than pre-pandemic levels, but average premiums will be $13 higher per month than in 2025.
- Analysts predict many people may drop coverage if subsidies expire, contributing to premium increases.
