Enhanced premium tax credits for health insurance purchased on ACA exchanges are set to expire soon unless Congress acts to extend them. These credits, which were initially established under the American Rescue Plan in 2021, significantly increased enrollment, benefiting around 24.3 million individuals by lowering costs. If these credits are allowed to expire, it would result in average premium increases of over 75%, with 19 million Americans potentially facing much higher costs. This change could lead to about 3.8 million people dropping their insurance altogether due to financial strains.
The enhanced premium tax credits for health insurance under the ACA helped double enrollment to about 24.3 million in 2025, benefiting low and middle-income individuals.
If the enhanced credits expire, it would increase premiums for the Obamacare exchanges, with an estimated average hike of over 75%, affecting millions of Americans.
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