Expiration of ACA Tax Credits Threatens Health Coverage for Small Businesses

Millions of working Americans, including small business owners and middle-income earners, face the loss of valuable tax credits for health insurance at the end of the year. These tax credits, which help offset the cost of health insurance obtained through the Affordable Care Act (ACA) Marketplace, are crucial for around 4.7 million small business owners and self-employed workers in 2023. Without legislative action from the current administration and Congress, these individuals risk losing access to affordable health coverage.