Insurance costs to soar in Pa. without congressional action: commissioner
"An estimated 90 percent of Pennie enrollees will likely pay 82 percent more on average for their health insurance with many paying 100 percent more or even higher without EPTCs," Pennsylvania Insurance Commissioner
During a press call hosted by
"That's just not affordable," Humphreys said.
Enhanced Premium Tax Credits expanded both savings and eligibility of existing tax credits authorized within the Affordable Care Act. They were introduced under the Biden administration and are credited with doubling
The enhanced credits will expire
Data on enrollments and costs of the credits by congressional district are available at www.pennie.com/affordability.
"These premium spikes are the first of many consequences of the big budget bill that was passed earlier this year,"
The
Citing industry data, the
According to Humphreys, more than 150,000 Pennsylvanians could "be forced" to drop insurance coverage due to rising costs. The driving factors for rising insurance premiums are higher hospital costs, costlier outpatient procedures and prescription medications and increased use of health care services generally, he said.
Another 120,000 are expected to lose coverage, he said, because of "restrictive and burdensome policies" included in this year's One Big Beautiful Bill, a continuing resolution that funds government operations through
"Approximately 270,000 Pennsylvanians out of that 500,000 may be left without health insurance without congressional action simply because they can't afford it," Humphreys said, adding that the commonwealth can't afford to backstop the increases.
The insurance commissioner encouraged all insured through Pennie to check their plan details immediately ahead of open enrollment on
"These increases are not inevitable," Wright said, with Humphreys adding that
"They are a policy choice by this


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