Millions Face Health Insurance Premium Hikes as ACA Tax Credits Near Expiration Nationwide

Across multiple states, health care leaders and lawmakers are urging Congress to renew the enhanced premium tax credits that help millions afford health insurance through the Affordable Care Act marketplaces. These credits, initially expanded during the COVID-19 pandemic and set to expire at the end of 2025, are vital for many Americans, including small business owners, students, and disabled individuals, to maintain coverage and avoid substantial premium increases. Colorado representatives warn that without renewal, premiums could rise by up to 38%, and 321,000 Coloradans could lose access to health care due to Medicaid cuts and credit expirations. In Florida, a newly formed conservative group is advocating for the extension of these credits, highlighting the potential economic losses of $5.5 billion in state GDP and 49,000 jobs if the credits lapse. Similarly, Virginians relying on these tax credits express concern about losing affordable insurance as they pursue careers in public service amid ongoing teacher shortages. These calls for action underscore the broad bipartisan recognition of the importance of sustaining health coverage affordability to support public health, economic stability, and community well-being.