July 18, 2022
HAP and a coalition of state health care organizations today urged Pennsylvania’s Congressional delegation to preserve the Affordable Care Act’s (ACA) premium tax credits that have helped thousands of Pennsylvanians sign up for health insurance.
During 2021, the American Rescue Plan Act included provisions to make ACA plans more affordable by capping premiums at 8.5 percent of income and making the credits more generous for lower income families. The tax credits are set to expire at the end of the year.
Without these expanded subsidies, Pennsylvania could see a 12 percent decline in marketplace enrollment and a 7 percent increase in the uninsured rate from 2022 to 2023, the letter said.
Here’s what you need to know:
The letter is available to review online. Congress is considering the extension of ACA subsidies as part of its discussion around advancing a reconciliation package. HAP will continue to provide updates to members on this advocacy effort to make expanded tax credits permanent and ensure a stable health care market for Pennsylvania.
For more information, contact John Myers, vice president, federal advocacy.
Tags: Public Health | Health Care Reform | Insurance | Federal Advocacy | COVID-19
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