What happens if the Enhanced Tax Credits are not renewed by Congress in 2025

 




Tax Credits are a big deal. If you have a plan on the Washington Healthplanfinder that is not Apple Health then you probably have some sort of tax credits to reduce the cost. These tax credits have been in place since 2021 when they originally passed the American Rescue Plan Act and then the Inflation Reduction Action in 2022.

The Affordable Care Act with it's tax credits have reduced the number of uninsured by a lot. 

The CBO estimates that “the number of uninsured people will rise by 2.2 million in 2026, by 3.7 million in 2027, and by 3.8 million, on average, in each year over the 2026–2034 period.”


The Debate About Enhanced Premium Tax Credits begins to Emerge. An estimated 24 million Americans rely on purchasing their insurance from the exchanges (In Washington state it is our Healthplanfinder). With our more limited options, rural America will be impacted greater if these credits are removed.


The Loss of Premium Tax Credits would hit state economies hard.  In Washington State, we are looking at a loss of 840 jobs and $97.1 million lost in Federal Funds. 


In the 10 Legislative Districts, there will be slightly different impacts. 
















If you do not know who your state Representative  or Senators are then this is a good chance to contact then and see if they are working on this issue. It can be as simple as letting them know that you are concerned that without the enhanced premium tax credits that our Healthcare in Washington state would change for the worse. For every 800 that lose coverage, one person will die. 













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