By Natasha Murphy and Andrea Ducas
Congressional Republicans are advancing health care proposals that would make coverage more expensive and less accessible for millions of Americans. Specifically, their plans would impose higher costs on American families by slashing Medicaid funding and by allowing the Affordable Care Act’s (ACA) enhanced premium tax credits to expire.
A new Center for American Progress analysis finds that ACA health insurance marketplace premiums will increase by thousands of dollars each year if Congress enacts cuts that lead states to eliminate their Medicaid expansions and fails to extend the enhanced premium tax credits beyond 2025. For example, a middle-class family of four in Charlotte, North Carolina, could see their annual marketplace premium costs increase by nearly $9,500.
Dual threats to health care affordability
Congress is considering a budget reconciliation package that would enact the deepest Medicaid cuts in the program’s history. -- READ MORE