People who receive insurance through the top marketplace plan in most states can expect sticker shock this fall, according to data compiled by the office of Sen. Maria Cantwell.
Cantwell, D-Wash., who’s urging congressional leadership and President Donald Trump to find a way to extend expiring health care subsidies, on Thursday issued a snapshot report on rate increase requests from insurers across the country. In 29 states, rates for the top marketplace insurer are expected to increase at least 20 percent next year, according to the data.
At issue is the eligibility for health subsidies that Congress expanded during the COVID-19 pandemic to include individuals earning above 400 percent of the federal poverty level. Those tax credits are set to expire on Dec. 31 without congressional action.
