(Disclosure: Early retiree here. I legally max out every darn subsidy to the dime.)
“Health insurance premiums poised to jump next year for 13 million people unless Congress extends expanded subsidies for marketplace coverage”
“On average, premiums are set to rise by more than 50% for people getting health coverage through a marketplace plan.”
“The American Rescue Plan Act, which was signed into law in March 2021, removed — for two years — the income cap for eligibility (400%) of the federal poverty level.”
“Of the 14.5 million people enrolled in marketplace plans, 13 million receive subsidies of varying amounts to reduce what they pay in premiums.”
Will be very interesting to see how - - - -and if — action is taken. Why interesting? All I will say is let us see events in November. And then contrast that with…
WYOMING. SOUTH DAKOTA saw their premiums reduced the most in 2022 via American Rescue Plan.
TEXAS - 2022 Premiums would’ve been 55% higher without American Rescue Subsidy.
NORTH CAROLINA - premiums would’ve been up by 66% without the additional subsidies
OH, “Florida” seems on people’s minds here and there…
“500,000 Floridians could lose health coverage without tax credits, study warns”
I won’t expand more - people on the board are smart enough. Just look at the potential November events coming up. And then - look at the states whose citizens and voters will be adversely, and visibly effected by curtailing or ending said subsidies.
If it wasn’t serious - I’d say this is gonna be fun to watch. But yes - - interesting for sure.