Here's what would happen in CT if health care tax credits expired
At the center of a bitter federal government shutdown battle threatening to halt all but essential government business for an extended period are health care tax credits set to expire
"The current funding bill is a simple short-term funding extension with no policy changes, and health care programs are fully funded at the current levels," according to a messaging document produced by Speaker of the House
The enhanced tax credits themselves were enacted in 2021 as part of the Affordable Care Act. Policy analysts say the impact, should those tax credits expire, would be significant in
"If the enhanced ACA tax credits are allowed to expire, the impact could be significant across the health care landscape," said
According to the
Hospitals in
"Over time, as hospitals and providers give more uncompensated care, this dynamic can erode hospital revenue and destabilize local health care systems," Wade said.
While the immediate impact in
"When people lose health insurance, they often delay or forgo care. They may skip doctor visits, postpone treatment or leave prescriptions unfilled, allowing manageable conditions such as high blood pressure, diabetes or infections to worsen. Without coverage, many may wait until their health deteriorates into an emergency, leaving hospital emergency departments as their only option for care," Kidwell said. "By then, illnesses are more advanced, requiring more intensive and more expensive treatment."
The end result "is a surge in uncompensated care costs, adding pressure to hospitals already facing chronic Medicaid underpayment and rising operating expenses," he added.
"Without the subsidies, they will pay on average 75% more for health care," he said. "People will say, 'I don't need health insurance.' If they're healthy, they'll do without it because they'll say it isn't worth the additional cost. The sicker people, who are more vulnerable, potential patients, will enroll and it will cost more for that health insurance company to provide that health care, and consequently, premiums will rise for everyone."
Wade said an increase in the uninsured population is "troubling for many reasons."
"When people are uninsured, the biggest concern is that patients often delay care until it becomes urgent, which leads to worse health outcomes," he said. "This shift tends to reduce preventive and routine health spending while increasing the financial strain on emergency services and safety-net providers."
"A family of four earning



Box on tax form connects thousands with health insurance
Check-off box on CT tax form connects thousands with health-insurance
Advisor News
- The DOL wants to open the gates to private equity in 401(k)s. Good idea?
- How to manage credit card debt in retirement
- Reynolds signs temporary tax hike
- Gov. Kim Reynolds signs temporary tax hike to address Iowa Medicaid shortfall
- Reynolds signs temporary tax hike to address Iowa Medicaid shortfall
More Advisor NewsAnnuity News
- Three ways the Corebridge/Equitable merger could shake up the annuity market
- Corebridge, Equitable merge to create potential new annuity sales king
- LIMRA: Final retail annuity sales total $464.1 billion in 2025
- How annuities can enhance retirement income for post-pension clients
- We can help find a loved one’s life insurance policy
More Annuity NewsHealth/Employee Benefits News
- How federal funding cuts will cost 500,000 New Yorkers their health insurance
- Employee benefits become ‘whole person focused’
- HOUSE APPROVES PAE BILL EXPANDING INSURANCE COVERAGE FOR OKLAHOMANS WITH EPILEPSY
- Nurses are an afterthought in health care debate, and that's deadly
- The Superpowers of Disability Attorneys
More Health/Employee Benefits NewsLife Insurance News
- Corebridge, Equitable Merger Creates $1.5tr Platfrom
- AM Best Removes from Under Review with Positive Implications and Affirms Credit Ratings of Sompo Seguros Mexico S.A. de C.V.
- Corebridge, Equitable merge to create potential new annuity sales king
- Aflac adds new long-term care rider
- AM Best Affirms Credit Ratings of Nan Shan General Insurance Co., Ltd.
More Life Insurance News