Summary
Millions of Americans might pay more for health insurance next year if the extra financial help, known as premium tax credits, ends. These credits, which lower monthly costs, are set to expire soon, and President Trump has expressed that he does not want to extend them.
Key Facts
- Enhanced subsidies for the Affordable Care Act are scheduled to end this year.
- These subsidies reduce health insurance premiums for many Americans.
- If they expire, premiums could double for many people, leaving around 2 million more people uninsured.
- The largest premium increases are expected in states like Wyoming, West Virginia, and Alaska.
- These states face high increases due to limited insurance options and high healthcare costs.
- New York, Massachusetts, and New Hampshire are expected to have smaller increases.
- Subsidy expiration affects older adults and middle-income people the most.
- President Trump stated he does not plan to extend the subsidies.
