Republicans Are Taking Away the Enhanced Tax Credits That Have Enabled Record Number of Americans to Enroll
Washington, D.C. — Today, the Department of Health and Human Services announced that a record 24.2 million Americans have signed up through the Affordable Care Act (ACA) marketplaces for 2025 health insurance so far – including 3.9 million new enrollees. This is more than double the number enrolled in 2020, the final year of the first Trump administration.
Democrats in Congress passed tax credits for people buying coverage on their own, lowering the cost of premiums for millions – including self-employed Americans, small business owners, people living in high-cost rural areas, farmers, people with pre-existing conditions, older adults, and more. Thanks to President Biden and Democrats in Congress, 80 percent of people can find a health plan through the Marketplace for $10 or less per month.
Every Republican voted against these tax credits and now they want to take them away, raising costs and ripping away health care from millions of Americans — all while they hand out tax breaks to billionaires and drug company CEOs. If Congress fails to act soon, 5 million Americans will become uninsured and costs will skyrocket for millions more. In response, Protect Our Care Chair Leslie Dach issued the following statement:
“President Biden is leaving office with yet another record enrollment period under his belt. Millions more people have health care today because of the hard work of President Biden and Democrats in Congress. These record-breaking coverage numbers would not have been possible without the tax credits that passed without a single Republican vote.
“Republicans now want to take these tax credits away. Republicans are trying to raise costs for middle-class families while they hand out tax breaks to millionaires and big corporations. If they get their way, premiums will increase by up to 90 percent and at least five million people will lose their coverage. That’s not all: Donald Trump and his GOP allies continue their threats to repeal the ACA including its protections for pre-existing conditions. They want to gut Medicaid and raise prescription drug costs for seniors and families. Hard-working Americans are depending on Congress to protect their health care, and Republicans must get on board or they will have to own the consequences.”