Minneapolis, MN – Healthinsurance.org released this statement today following the passage of the Inflation Reduction Act (IRA) in the U.S. House. The IRA extends the American Rescue Plan’s health insurance subsidy enhancements through 2025, preventing them from expiring at the end of this year. The legislation now moves to the White House for signature by President Biden.
From Louise Norris, health policy analyst for healthinsurance.org:
“Today’s vote is great news for the millions of Americans who buy health insurance through ACA marketplaces. Extending the ARP’s subsidy enhancements will help ensure lower premiums for millions of subsidy-eligible consumers – not only for 2023 ACA coverage, but for 2024 and 2025 plan years as well.
“At a time when most other goods and services are also getting more expensive, extending subsidy enhancements can help provide consumers peace of mind.”
Healthinsurance.org provides free, online resources for consumers, including information about individual health insurance, major medical insurance and affordable medical insurance.
Amy Fletcher Faircloth [email protected]