The expiration of enhanced federal tax credits under the Affordable Care Act could impact an estimated 1.9 million Californians, according to Covered California, the state’s health insurance marketplace.
The tax credits, which help lower monthly premiums for people who purchase insurance through the exchange, are set to expire unless Congress acts. Covered California officials say some enrollees could face premium increases of hundreds of dollars per month, and hundreds of thousands could lose coverage altogether.
“We do have enrollees who will see their tax credit eligibility gone altogether if the federal government makes these changes,” said Jessica Altman, executive director of Covered California…