Peter Schorsch
With the “Big Beautiful Bill” now law, Congress now shifts focus to other priorities it must address before year’s end. Key among them is the enhanced Affordable Care Act premium tax credits.
The tax credits are scheduled to expire at the end of the year. If Congress does not extend them, premiums will skyrocket for millions of Americans on private health care coverage, forcing many to lose coverage.
A KFF Health Tracking Poll conducted last month reveals robust support across party lines for extending enhanced premium tax credits. In fact, 77% of all adults, including 63% of Republicans, back the move.
With more than 4 million people relying on the marketplace for health care coverage, Florida has the highest proportion in the nation of residents enrolled. The enhanced premium tax credits are key to making the coverage both accessible and affordable.
If the tax credits expire, a family of four earning $64,000 per year would see premiums increase by more than $2,500. A 60-year-old couple earning $82,000 per year would pay $19,000 more for their health care coverage. The spike is just too much for some to stomach.
If Congress does not act, the Congressional Budget Office expects nearly 2 million Floridians will be without health care by 2034.
When the KFF Health survey informed participants that roughly 4 million Americans will lose health insurance if the tax credits expired, support increased, especially among Republicans and MAGA supporters.
After learning of the impacts, 72% of Republicans and 65% of MAGA supporters say they want Congress to extend the tax credits.
2 comments
TC
July 8, 2025 at 12:31 pm
What? The majority of MAGA’s want their government subsidized health care? I guess some socialism is okay after all, as long as it’s going in their pockets.
Ron Greiner HSA King
July 9, 2025 at 7:33 am
Obamacare is a failure, and Republicans are not going to extend the ACA tax credits. The $19,000 rate increase on a 60-year-old couple with a $9,200 deductible is not affordable. Trumpcare’s age-based tax credits for purchasing any insurance in the free market are our best choice. Peter should consider Republican Reform, which helps Floridians save premiums, eliminate taxes, and build wealth. Joe Kaufmann is running in Florida District 23 and supports Republican reforms and larger, tax-free HSAs.
A 60-year-old Orlando couple can get zero-deductible Allstate insurance for less than $10,000 in 2025, so how can Obamacare’s rate increase be $19,000? Obama lied when he said Obamacare was affordable. Are Obamacare’s $9,200 deductibles affordable, Peter Schorsch? Consider Republican Reform, which helps Floridians become self-reliant and prosperous. Vote for Joe Kaufman to defeat Jared Moskowitz, who takes massive bribes from all of the Obamacare health insurance companies.
Comments are closed.