Nevada senators call for saving health insurance credits
Rosen and
"It's all kinds of people across the spectrum, and in 2022, we fought to expand on the tax credits," Rosen said Thursday in
The tax credits, or subsidies, benefit eligible individuals with incomes between 100% and 400% above the federal poverty level. The Biden administration supported legislation increasing expanded eligibility of tax credits in 2021. Marketplace enrollment saw a significant surge, doubling to about 24.2 million people this year while 90% of enrollees received the premium tax credits.
More than 100,000 Nevadans currently rely on coverage through the ACA marketplace and ultimately would feel the impacts, Rosen said during her introduction.
Panelists from both roundtables representing various health care organizations shared professional or personal experiences on the issue. Some were practitioners, policyholders or advocates working with customers who have been frustrated about coverage or missing enrollment windows for different circumstances.
Dr.
"It makes it harder for us providers to do our work," she told Rosen. "It makes it harder on the patients. It's overall a trickle-down effect in terms of then where do the patients go to get here? They're going to be going to the emergency room setting."
Self-employed attorney
Using the tax credits was his best option to access insulin and other medication his family depends on, he said.
"This is lifesaving medicine we're talking about," he said. "This isn't a luxury, you know. They need it to live. … I took the employer benefits for granted for years, and then having to come out on your own now, it's great to have the exchange and have that option, but without these credits, I don't see how families are going to be able to make that call and actually continue to get the insurance."
Latoschka Nether,
Both senators also touched on the ongoing provider shortage to address greater access to services in outlying communities. Rosen this year has introduced legislation such as Specialty Physicians Advancing
Rosen said it's important for advocates and those seeking coverage to keep sharing their stories to stress to keep from the tax credits expiring and access to resources for individuals and small businesses.
"We can't be silent when it comes to the dignity, kindness and compassion of giving people affordable health care," Rosen said.



Austin Business Incubator Received $42K from the Federal Home Loan Bank of Dallas, Texas Capital and Encore Bank
Average marketplace health insurance cost on track to double, KFF says
Advisor News
- Finseca and IAQFP announce merger
- More than half of recent retirees regret how they saved
- Tech group seeks additional context addressing AI risks in CSF 2.0 draft profile connecting frameworks
- How to discuss higher deductibles without losing client trust
- Take advantage of the exploding $800B IRA rollover market
More Advisor NewsAnnuity News
- Somerset Re Appoints New Chief Financial Officer and Chief Legal Officer as Firm Builds on Record-Setting Year
- Indexing the industry for IULs and annuities
- United Heritage Life Insurance Company goes live on Equisoft’s cloud-based policy administration system
- Court fines Cutter Financial $100,000, requires client notice of guilty verdict
- KBRA Releases Research – Private Credit: From Acquisitions to Partnerships—Asset Managers’ Growing Role With Life/Annuity Insurers
More Annuity NewsHealth/Employee Benefits News
- Cigna hails pharmacy deal with the FTC, battles elevated cost trends
- Health care inflation continues to eat away at retirement budgets
- Pharmacy benefit manager (PBM) reform included in government funding package
- Health insurance CEOs say they lose money in Obamacare marketplace despite subsidies
- Blood test for colorectal cancer screening now available for military in La.
More Health/Employee Benefits NewsLife Insurance News