U.S. Senators Introduce CARE Act to Extend Enhanced ACA Premium Tax Credits

The Consumer Affordability and Responsibility Enhancement (CARE) Act, introduced by Senators Susan Collins and Bernie Moreno, proposes a two-year extension of the enhanced Affordable Care Act (ACA) premium tax credits. The legislation aims to cap income eligibility for these subsidies and eliminate zero-premium ACA plans by instituting a minimum monthly premium of $25. This approach seeks to enhance affordability and support the sustainability of ACA coverage without causing abrupt premium increases or coverage disruptions.