The Record Number Enrolled Is Thanks to Enhanced Tax Credits That Are Set to Expire at the End of This Year Unless Republicans Act Now
Washington, D.C. — Today, the Department of Health and Human Services announced that a record 23.6 million Americans have already signed up for 2025 health insurance through the Affordable Care Act (ACA) marketplaces – more than two million than selected a plan for last year and more than double the number enrolled in 2020, the last year of the first Trump administration.
Thanks to the Inflation Reduction Act’s tax credits that lowered premium costs, 80 percent of people can still find a health plan through the Marketplace for $10 or less per month. However, these tax credits are set to expire at the end of the year, and Republicans have so far refused to extend them. If Congress fails to act soon, 5 million Americans will become uninsured and costs will skyrocket for millions more. Donald Trump still has not given up on his attempts to repeal the ACA and its protections for pre-existing conditions. In response, Protect Our Care Chair Leslie Dach issued the following statement:
“These record numbers prove that Americans want and need the health care provided by the Affordable Care Act. Nearly 24 million Americans are enrolled in quality, affordable coverage today because of the tax credits passed by President Biden and Democrats in Congress without a single Republican vote. However, all of this progress is at risk if Republicans take these tax credits away from millions of Americans – premiums could increase by 50% and at least five million people will lose their coverage. But instead of making health care more affordable, Republicans want to give huge tax breaks to billionaires and big corporations. If Republicans are successful, millions of Americans will have their health care ripped away and the health care system will be thrown into chaos.”