INSURANEWS Logo
Top Stories
Life
Health
Medicare
Property & Casualty
Annuity
Industry

Rhode Island Faces Health Insurance Premium Hikes Amid ACA Tax Credit Uncertainty

Share:

Rhode Island health care leaders recently addressed concerns about rising insurance premiums linked to Republican efforts affecting the Affordable Care Act (ACA). Congressman Gabe Amo and HealthSource RI Director Lindsay Lang engaged with residents to discuss the impact of potential expirations of ACA tax credits, warning that more than 41,000 Rhode Islanders could face significantly higher health insurance costs. This development is part of broader changes expected to drive premium increases and create financial challenges for those reliant on ACA plans. HealthSource RI, Rhode Island's health insurance exchange, opened its enrollment for 2026 on November 1, providing an avenue for residents to explore coverage options and receive assistance in navigating federal changes. The agency is focused on maintaining access to affordable coverage and mitigating the risks of uninsured individuals facing financial hardships. Congressman Amo highlighted personal testimony from Rhode Islanders, including a retired teacher whose monthly premiums are expected to rise from $800 to over $1400, illustrating the real-world consequences of diminishing ACA support. The Congressman has actively participated in discussions with health care professionals and community leaders addressing how policy shifts disrupt access to behavioral and mental health services. Amo has consistently opposed legislative measures that reduce health care funding, including a significant 2023 bill that removed over $1 trillion from the health care budget. His voting record underscores ongoing efforts to protect health care affordability and accessibility in Rhode Island. The dialogue around ACA tax credits and health insurance costs in Rhode Island reflects national policy debates impacting payer-provider relationships, regulatory frameworks, and the insurance market landscape. HealthSource RI remains a critical resource for mitigating changes through enrollment support and financial assistance navigation.