Austin health insurance could see a dramatic dive in coverage if ACA subsidies aren’t extended

Health Insurance in Austin Could Have
Subsidies Expire in January 2023

Health insurance in Austin and the
boosted Affordable Care Act

subsidies that come with it have
proven to be a major benefit to
millions of previously uninsured and
underinsured Americans and their

families.

If Congress does not extend
enhanced subsidies for ACA
coverage before the end of the
year, approximately 3.1 million
people could lose coverage or see
premium hikes of hundreds of

dollars.

The news of this impending
issue has been known for
months after the Robert Wood
Johnson Foundation released

a study back in April.
The ACA exchanges resulted
in a record-setting enrollment

of 14.5 million people for
2022, and the boosted credits

were a big reason why.

Researchers found that there
will be nearly 5 million fewer
people enrolling for coverage

next year if the enhanced
credits are not extended.

Kathy Hempstead, a senior policy adviser at the
RWJF, said in a statement, "A several of

progress in boosting the coverage rate to record
levels seems inevitable if Congress does not

act." Rick Thornton, an Austin health insurance
agent , also pointed to an article in Fierce
Healthcare that said

Thornton is optimistic that
something will be done, but
until then, Americans will be

forced to play a waiting
game.

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