US EditionObamacare tax credits draw bipartisan support ahead of US government shutdown deadline
Congressional leaders from both parties push to extend Affordable Care Act tax credits that aid over 24 million Americans, aiming to prevent an 18% average premium increase next year.
- On Friday, leading Democrats and some Republicans in Washington pushed Congress to extend expiring health care tax credits set to end this year.
- The credits, signed into law by President Biden in 2022, have supported over 286,000 Washingtonians and expanded Affordable Care Act eligibility with premium caps.
- Officials warn that without extension, health insurance costs will rise sharply, pricing out an estimated 80,000 Washingtonians and causing statewide premium increases.
- State insurance regulators project an average 21% increase in exchange plan premiums for 2026, which could be lowered to between 15% and 17% if premium tax credits are extended, mirroring nationwide patterns.
- The bipartisan effort aims to prevent coverage losses and premium spikes, with key lawmakers seeking a fix in upcoming funding legislation before the tax credits expire.
11 Articles
11 Articles
Congress Far Apart in Extending Healthcare Tax Credits
There's bipartisan support in Congress for extending tax credits that have made health insurance more affordable for millions of people since the COVID-19 pandemic. But the credits are in danger of expiring as Republicans and Democrats clash over how to do it.
Why health premiums could jump 50% for millions if Congress fails to act
There's bipartisan support in Congress for extending tax credits that have made health insurance more affordable for millions of people since the COVID-19pandemic. But the credits are in danger of expiring as Republicans and Democrats clash over how to do it.Democrats are threatening to vote to shut down the government at the end of the month if Republicans don't extend the subsidies, which were first put in place in 2021 and extended a year lat…
House minority leader pushes for extension of healthcare tax credit during visit to Washington
The top Democrat in the U.S. House of Representatives was in Washington on Friday to push for Congress to extend health care tax credits that are set to expire at the end of the year.
Coverage Details
Bias Distribution
- 60% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
