US EditionPermanent Health Tax Credit Extension Would Insure 3.8 Million: CBO
Extending enhanced premium tax credits under the Affordable Care Act would reduce average premiums by 7.6% and increase coverage by 3.8 million people, the Congressional Budget Office found.
- The Congressional Budget Office announced on Thursday that permanently extending enhanced premium tax credits would insure 3.8 million more people and cost $350 billion over 10 years.
- These tax credits were initially introduced in 2021 as part of a major coronavirus stimulus effort and were prolonged in 2022 under the Inflation Reduction Act; however, they are scheduled to expire on December 31 unless Congress takes further action.
- Democrats introduced a counter stopgap bill on Thursday that includes making these credits permanent and is urging timely action before open enrollment begins November 1 to avoid premium spikes.
- CBO Director Phillip L. Swagel indicated that if lawmakers act to extend the credits by the end of September, premiums for 2026 would drop by 2.4%, while the annual cost of benchmark plans would decrease by 7.6%.
- Failure to extend the credits could lead to higher premiums for millions, increased uninsured rates, and intensified political disputes over government funding and health policy.
29 Articles
29 Articles
Permanent extension of enhanced federal health care subsidies estimated to cost $350B
The U.S. Capitol building in Washington, D.C., is pictured on Sunday, June 29, 2025. (Photo by Jennifer Shutt/States Newsroom)WASHINGTON — The nonpartisan Congressional Budget Office announced Thursday that if lawmakers permanently extend the enhanced tax credits for certain people who buy their health insurance through the Affordable Care Act Marketplace, it would cost the government $350 billion over 10 years and increase the number of those w…
Permanent extension of federal health care subsidies estimated to cost $350 billion • Daily Montanan
The U.S. Capitol building in Washington, D.C., is pictured on Sunday, June 29, 2025. (Photo by Jennifer Shutt/States Newsroom)WASHINGTON — The nonpartisan Congressional Budget Office announced Thursday that if lawmakers permanently extend the enhanced tax credits for certain people who buy their health insurance through the Affordable Care Act Marketplace, it would cost the government $350 billion over 10 years and increase the number of those w…
Louisiana Illuminator
Permanent extension of federal health care subsidies estimated to cost $350 billion
The U.S. Capitol building in Washington, D.C., is pictured on Sunday, June 29, 2025. (Photo by Jennifer Shutt/States Newsroom)WASHINGTON — The nonpartisan Congressional Budget Office announced Thursday that if lawmakers permanently extend the enhanced tax credits for certain people who buy their health insurance through the Affordable Care Act Marketplace, it would cost the government $350 billion over 10 years and increase the number of those w…
Obamacare Subsidy Extension Would Cost $350 Billion, CBO Finds
Congressional Democrats’ push to make subsidies for Obamacare health plans permanent would cost about $350 billion over a decade, budget analysts said Thursday, raising the stakes in a standoff that threatens to shut down the government in less than two weeks.
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