Expiration of ACA Tax Credits Threatens Health Coverage for 4.7 Million Small Businesses
At the end of this year, tax credits that help millions of small business owners and self-employed workers afford health insurance under the Affordable Care Act (ACA) Marketplace are set to expire. Approximately 4.7 million individuals rely on these tax credits to reduce their health insurance costs. The expiration of these credits could lead to a significant loss of access to health insurance for many working Americans, particularly in southern states and middle-income brackets.