ACA Subsidies Expiration Looms: Millions Face Premium Hikes, Loss of Coverage
The future of healthcare subsidies is uncertain as the enhanced Affordable Care Act (ACA) subsidies are due to expire by the end of the year. This could lead to a significant increase in out-of-pocket premiums for millions of Americans.
If the subsidies are not extended, average out-of-pocket premium payments could double in 2026. This is according to a recent report, which also estimates that around 4 million people could go without coverage next year. The potential impact is substantial, with more than 22 million Americans currently receiving these subsidies.
Public opinion strongly favors extending the subsidies. A recent poll found that 78% of the public wants Congress to do so. Even among President Donald Trump's supporters, a majority backs keeping the enhanced subsidies. According to a KFF poll, 59% of Republicans and 57% of 'Make America Great Again' supporters favor extending them. However, many Americans remain unaware of the impending expiration of these subsidies.
The cost of extending the subsidies is estimated to be around $350 billion over the next decade for the federal government. Despite this, the public and even a significant portion of Trump supporters want Congress to extend the enhanced subsidies. The potential loss of coverage for millions of Americans and the doubling of premiums for many more could have significant implications for the country's healthcare landscape.
