Maryland Advocates Push for Health Subsidy Extension

Maryland advocates and lawmakers are urging the extension of a health insurance subsidy program aimed at young adults aged 18 to 37, which has already benefited over 67,000 individuals since its inception in 2022. The program, which offers financial assistance for premiums, is set to expire in 2025 but supporters, including Senator Clarence Lam and Delegate Ken Kerr, are pushing for a new bill to extend it until 2028. The subsidies help stabilize overall health insurance premiums by encouraging more young adults to enroll, thereby improving coverage access for this demographic, who often struggle to afford insurance. Currently funded through a 1% assessment on insurance carriers' profits, the program has been praised for its role in reducing healthcare disparities among lower-income young adults. Advocates emphasize the importance of the program in providing peace of mind and better health outcomes for participants. The General Assembly is expected to consider this legislation during its upcoming session starting January 8, 2025.