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Millions will lose health coverage if ACA subsidies expire: CBO

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          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
If Affordable Care Act subsidies are allowed to expire at the end of 2025 millions of people will lose their insurance and premiums will jump, according to a Congressional Budget Office report.
The article from MSN, citing a report by the Congressional Budget Office (CBO), discusses the potential impact of the expiration of Affordable Care Act (ACA) subsidies at the end of 2025. If these subsidies are not renewed, approximately 3 million people could lose their health insurance coverage. The subsidies, which were expanded under the American Rescue Plan and extended by the Inflation Reduction Act, have significantly reduced premiums for many enrollees, making health insurance more affordable. The CBO estimates that without these subsidies, premiums would increase by about 67% on average, leading to a decrease in enrollment in the ACA marketplaces. This situation could result in higher uninsured rates and increased financial strain for many Americans, particularly affecting lower and middle-income families.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/politics/government/millions-will-lose-health-coverage-if-aca-subsidies-expire-cbo/ar-AA1vsg7R ]