Congress Must Preserve Access to Affordable Marketplace Coverage

Congress Must Preserve Access to Affordable Marketplace Coverage

Unless Congress acts soon, critical tax credits that help over 22 million people buy Affordable Care Act (ACA) Marketplace plans will expire at the end of this year, causing premiums and coverage losses to skyrocket. The Role of Premium Tax Credits Since 2012, ACA premium tax credits (PTCs) have helped people with low and middle incomes pay their Marketplace premiums. In 2021, The American Rescue Plan Act (ARPA) increased the amount and availabi…