Summary
Starting in 2026, new changes from President Donald Trump's tax and spending package, known as the One Big Beautiful Bill Act, will impact taxes and healthcare in the United States. This includes the end of COVID-era healthcare subsidies, which may significantly increase costs for those using the Affordable Care Act marketplace. These changes have faced criticism for potentially leaving many Americans without adequate health coverage and government benefits.
Key Facts
- The One Big Beautiful Bill Act (OBBBA) will introduce changes to taxes and healthcare in the U.S. from the beginning of 2026.
- President Trump signed the OBBBA into law on July 4, 2025.
- The Act did not extend the healthcare subsidies from the 2021 American Rescue Plan, which expire on December 31, 2025.
- About 2.2 million Americans could be affected by the end of these subsidies, leading to higher health insurance premiums.
- Congress has not yet agreed on how to extend the ACA healthcare subsidies.
- The lack of subsidy extensions could cause healthcare costs for many Americans to double.
- A recent deadlock in Congress led to a government shutdown, the longest in U.S. history, over budget and healthcare extension issues.
