Democrats Seek GOP Support to Extend ACA Tax Credits to Prevent Premium Hikes

Democratic leaders are urging Republican lawmakers to agree on extending enhanced tax credits under the Affordable Care Act (ACA) before the end-of-month deadline to prevent significant premium increases. Failure to extend these subsidies is expected to result in higher premiums, which could lead to a rise in coverage drop-offs among enrollees. Senate Minority Leader Chuck Schumer highlighted that many insured Americans will soon receive notices indicating steep premium hikes, possibly costing them hundreds or thousands of dollars more.