Here’s how much skyrocketing healthcare could cost you in January
Trump spotted with heavy make-up on hand as speculation continues about his health
Pandemic-era subsidies for Obamacare health plans are set to expire on December 31, 2025, potentially leading to substantial premium increases for millions of Americans.
Research firm KFF indicates that some individuals could face annual premium hikes of up to $24,604, about $2,050 per month, with 7.3 million people projected to lose all subsidies.
The enhanced premium tax credits, introduced in 2021 by the Bidenadministration, lowered costs and expanded eligibility, contributing to a significant increase in marketplace enrolment.
The expiration of these credits is estimated to leave 4.8 million people uninsured and could cause marketplace enrolment to drop by over 50% in eight states.
The future of the subsidies is a contentious issue in Congress, with Democrats advocating for their extension and four House Republicans recently siding with them to force a vote on the Affordable Care Act.