More state farm bureaus are offering cheap health insurance plans, but they don’t comply with Affordable Care Act requirements.
Consumers would likely have the chance to redo plan selections if enhanced tax credits are extended, however unlikley that looks.
“Premium payments will increase by 114% if Congress does not extend the enhanced premium tax credits,” warned KFF’s Cynthia Cox.
The Democrats want to extend Obamacare subsidies and stop cuts to Medicaid.
Insurance is typically used to cover unpredictable accidents, not issues you expect to have.
Tax credits that helped more than 20 million people afford health insurance are set to expire this year — and small business owners and the self-employed stand to be among the hardest hit.
Insurers are looking to raise premiums, and the enhanced federal subsidies that have made buying coverage more affordable are set to expire.
More than two dozen states now have laws requiring health insurance plans to cover the tests. Now, Congress may get involved, too.
National spending on health care will surpass 20% of GDP by 2033, up from 17.6% in 2023, according to new government estimates.
Both benefits and wages outpaced inflation in 2024, according to data from the Bureau of Labor Statistics.
