No. of Recommendations: 2
While Republicans extended the 2017 tax cuts for the wealthy and corporations, they let the premium tax credits run out at the end of this year. Without that support, healthcare insurance premiums will skyrocket.
Misleading. Premium tax credits do not run out and end of this year.
Enhanced premium tax credits will run out, the ones brought in by Democrats as a temporary measure during COVID. The premium tax credits will revert to those previously put in place by Democrats.
The enhanced premium tax credits were introduced as part of the American Rescue Plan Act in 2021 to make health insurance more affordable during the COVID-19 pandemic. These credits increased the financial assistance available to individuals purchasing health insurance through the ACA marketplaces, allowing many to pay lower premiums.
My family uses the ACA, so I'd like the enhanced premium tax credits to continue.
