The new year brought an end to tax credit subsidies that helped more than 24 million people pay for health care coverage.
The big benefit that made Affordable Care Act insurance premiums more affordable ended when the clock ran out on New Year’s Eve.
ACA tax credits expire
The latest:
Of the 24 million affected nationwide, some estimates say more than four million are located in Texas. Those people are waiting now to see if they will be able to afford their health insurance.
Premiums had been made more affordable by government tax credit subsidies, which expired at the end of December. So far, Congress has taken no action to fix healthcare costs.
North Texas doctor weighs in
The situation is complicated by how individual premiums are calculated, says Doctor John Carlo, CEO of Prism Health North Texas.
What they’re saying:
North Texas doctor explains effects of ACA tax credits expiring
