Bipartisan Proposal Aims to Extend ACA Premium Tax Credits Through 2025

A bipartisan group of 35 U.S. House members, including Representative Ed Case of Hawai'i, has introduced 'CommonGround 2025,' a health care framework to extend key Affordable Care Act (ACA) premium tax credits set to expire at the end of 2024. The proposed extension targets roughly 24 million Americans reliant on ACA marketplace plans and aims to prevent significant premium increases projected for 2026 that could double costs or cause coverage loss. The enhanced Premium Tax Credits (ePTCs), expanded during the COVID-19 pandemic, would be maintained for two years under the proposal, providing a bridge towards longer-term health care reforms. This bipartisan effort underscores the challenges Congress faces in addressing healthcare affordability and accessibility while seeking a viable legislative solution. The framework has backing from members across the political spectrum, led by Representatives Josh Gottheimer (D-N.J.) and Jen Kiggans (R-Va.), indicating potential for passage before the December 31, 2024 deadline. The legislation includes provisions for premium savings extensions with targeted modifications and aims to allow Congress additional time to craft more comprehensive health system reforms addressing broader accessibility and cost issues.