Sticker Shock Ahead as ACA Premiums Could Double Without Subsidy Renewal

(AURN News) — Health care could get much more expensive next year. A new analysis from KFF finds that Affordable Care Act premiums could rise 114%, jumping from $888 to nearly $1,900 a year if Congress does not renew enhanced subsidies by year’s end.

About 22 million Americans currently rely on those tax credits to keep their insurance affordable.

Democrats say the subsidies must be extended now, especially with open enrollment beginning Nov. 1. Without action, millions could face sticker shock and even lose coverage.

Republicans say they may revisit the issue later, possibly with restrictions, but they do not want to tie it to the current funding fight that has already pushed the government into a shutdown.

The bottom line: health care bills could double unless lawmakers strike a deal.

- Advertisement -

Click play to listen to the report from AURN White House Correspondent Ebony McMorris. For more news, follow @E_N_McMorris & @aurnonline.

The post Sticker Shock Ahead as ACA Premiums Could Double Without Subsidy Renewal appeared first on American Urban Radio Networks.

spot_img
spot_img

Hot this week

Health care company agrees to pay $22.5 million to settle claims of over billing

A health care company agreed to pay nearly $22.5...

African and Caribbean Nations Call for Reparations for Slave Trade, Propose Global Fund

Nations across Africa and the Caribbean, deeply impacted by...

Sports betting expert offers advice on paying taxes for gambling winnings

(The Center Square) – Tax season is underway, and...

Business association ‘disappointed’ by WA L&I’s proposed workers comp rate hike

(The Center Square) – The Association of Washington Business...

Entertainment district benefits don’t outweigh the cost, economists say

(The Center Square) — Weeks later, after more details...

Road tests for teens shifts to private instructors Saturday

(The Center Square) – In an effort to reduce...

Arizona, others sue Zillow and Redfin over $100M deal

(The Center Square) - Arizona joined four other states...

Analyst points to inefficiencies as Pritzker touts record spending on infrastructure

(The Center Square) – After Gov. J.B. Pritzker announced...

Health department assumes responsibility of food stamps, disability services

(The Center Square) − Major changes to Louisiana’s welfare...

Official: Arizona can’t help customers facing utility rate hike

(The Center Square) - Arizona Residential Utility Consumer Office...

Report: Michigan gets ‘F’ on open enrollment

(The Center Square) – A new report gives Michigan...

Whatley campaign gets $4.5M injection

(The Center Square) – Republican Michael Whatley’s campaign for...

More like this
Related

Road tests for teens shifts to private instructors Saturday

(The Center Square) – In an effort to reduce...

Arizona, others sue Zillow and Redfin over $100M deal

(The Center Square) - Arizona joined four other states...

Analyst points to inefficiencies as Pritzker touts record spending on infrastructure

(The Center Square) – After Gov. J.B. Pritzker announced...

Health department assumes responsibility of food stamps, disability services

(The Center Square) − Major changes to Louisiana’s welfare...