Summary
The article discusses the impact of rising health care costs during the unique open enrollment period this fall in the U.S. Health care tax credits for individuals are at risk, which could make insurance unaffordable for millions. If Congress does not act to extend these tax credits, many may lose coverage, worsening both personal health outcomes and the broader health care system.
Key Facts
- This fall's open enrollment period is affected by rising health care costs.
- High health care costs are leading to increased premiums and out-of-pocket expenses.
- Health care tax credits help make insurance affordable, but they are at risk of not being extended by Congress.
- Without these tax credits, many people could face a cost increase in their insurance plans.
- If Congress does not extend the tax credits, as many as 5 million people may lose coverage.
- Losing coverage can lead to delayed medical care and more expensive emergencies.
- Several Blue Cross and Blue Shield companies report fewer sign-ups during open enrollment due to high costs.
- The article urges people to enroll despite high prices, as tax credits may still be updated to reduce costs.
