Premium Tax Credits

New Report Finds That Premium Tax Credits Included in The American Rescue Plan Have Made Health Coverage More Affordable for Granite Staters
By Jayme H. Simões, President, Louis Karno & Company Communications, LLC

Protect Our Care NH has a new report that shows the premium tax credits included in the American Rescue Plan have made health coverage more affordable for Granite Staters. These premium tax credits dramatically lowered the cost of healthcare coverage for 9,000 people in NH, highlighting what's at stake for coverage affordability for NH residents if Congress fails to extend the tax credits this year.

The new report highlights recent studies showing that more than three million people – including 9,000 in NH – could lose their coverage if Congress fails to make these enhanced premium tax credits permanent. The American Rescue Plan saved families thousands of dollars on their premiums, but the expanded tax credits that powered those savings will expire at the end of 2022, and as a result, premiums for next year's plans will rise dramatically for millions who buy insurance on their own. Only Congress can prevent this from happening; it's time to extend the ACA premium tax credits to ensure that hardworking families can continue to access the health care they need.

President Biden and the Democrats have delivered significant relief to millions of American families through the American Rescue Plan. Thanks to Biden's leadership, over 30 million Americans now have health coverage, including a record 14.5 million covered under the Affordable Care Act marketplaces. Democrats continue to work to lower insurance premiums, give Medicare the power to negotiate for lower drug prices, close the coverage gap, extend Medicare benefits, and improve care for veterans, seniors, and people with disabilities.

Many Granite staters are calling on Congress to make permanent the Advanced Premium Tax Credits passed in the American Rescue Plan that helped dramatically lower the cost of health coverage for 36,848 people in the state. As you know, if Congress doesn't take action, these tax credits are set to expire at the end of this year. Advocates in New Hampshire have drafted a letter to the state's Congressional delegation supporting immediate action to extend these ACA marketplace tax credits to ensure that hardworking families in the state can continue to access the health care they need.
Download the Report

Share this post:

Comments on "Premium Tax Credits"

Comments 0-5 of 0

Please login to comment