EXPIRATION OF ENHANCED HEALTH INSURANCE SUBSIDIES WILL DRIVE SHARP INCREASES IN COSTS AND COVERAGE LOSSES
The following information was released by the
With harsh premium increases fast approaching, the
The enhanced tax credits have been a lifeline for millions of people and families nationwide. That reality is reflected in the stories American Heart Association Heart Powered advocates have been sharing with their lawmakers about how the enhanced tax credits have helped them, their families and their neighbors. Their experiences mirror what the data show: Since the expansion of the tax credits under the American Rescue Plan Act, uninsured rates reached an all-time low and marketplace enrollment more than doubled in many states, opening the door to lifesaving care.
Allowing these credits to expire will have immediate and harmful consequences on peoples ability to prevent, manage and treat chronic disease. Premiums will sharply rise, and according to estimates, up to 4 million people could lose their insurance. For those living with heart disease, stroke, hypertension, diabetes and other chronic illnesses, losing coverage is not a minor disruption it is an economic burden and direct threat to their health and well-being. Families will face higher costs, may delay treatment and be forced to make impossible choices between health care and basic needs such as healthy food, housing and utilities.
The impact will be especially severe for people who purchase their own insurance small business owners, gig workers, farmers, early retirees and those with serious chronic conditions who cannot rely on employer-based coverage.
Heart disease remains the leading cause of death in
With ongoing bipartisan support for an extension, we urge lawmakers to reconsider this decision without delay. Everyone deserves the security of knowing they can afford the care they need when they need it.
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