Nevada Families Face Devastating Consequences as Republicans' Budget Reconciliation Bill Expires ACA Tax Credits

Strategic Insights -

Congresswoman Susie Lee, along with local parents and a healthcare provider, sounded the alarm on the looming expiration of ACA tax credits and Congressional Republicans' cuts to Medicaid, warning that southern Nevada families will face skyrocketing health care costs and devastating consequences.

Key Takeaways:

  • Over 700,000 Nevadans receive health care coverage through Medicaid, a non-controversial program supported by 87% of Democrats, 81% of Independents, and 63% of Republicans.
  • The Republican budget reconciliation bill failed to extend Affordable Care Act tax credits that help 85,000 Nevadans afford their health care, including 30,000 in Nevada's 3rd Congressional District.
  • If Congress allows the ACA tax credits to expire, marketplace enrollees will pay $335 billion in higher premiums over the next ten years, and families receiving tax credits will see an average tax increase of $4,051 in 2027.
  • A 60-year-old couple earning about $80,000/year in NV-03 would see their premiums increase by over $12,000 (178% increase), and a family of four earning $64,000/year would see their premiums increase by over $2,500 (191% increase).
  • Nearly nine out of 10 Nevadans who enrolled in insurance through Nevada Health Link were eligible to receive financial support to help bring down the cost of monthly premiums.
  • Dr. Brad Isaacs, MD, Clark County Medical Society President, stated that a lack of healthcare providers and the inability to get a provider to see patients even with health insurance is a significant issue.
  • Eve Eriksson, a Medicaid recipient with disabilities and the parent of a young child with disabilities, emphasized the importance of therapy and the consequences of losing access to those services.
  • Katie Provost, a social worker and single mom from Las Vegas, said that the 26% increase in premiums and the loss of tax credits will make it impossible for her to afford healthcare for her child.

Statistics:

  • Over 700,000 Nevadans receive health care coverage through Medicaid.
  • 87% of Democrats, 81% of Independents, and 63% of Republicans support Medicaid.
  • The Republican budget reconciliation bill failed to extend Affordable Care Act tax credits that help 85,000 Nevadans afford their health care.
  • If Congress allows the ACA tax credits to expire, marketplace enrollees will pay $335 billion in higher premiums over the next ten years.
  • Families receiving tax credits will see an average tax increase of $4,051 in 2027.
  • A 60-year-old couple earning about $80,000/year in NV-03 would see their premiums increase by over $12,000 (178% increase).
  • A family of four earning $64,000/year would see their premiums increase by over $2,500 (191% increase).
  • Nearly nine out of 10 Nevadans who enrolled in insurance through Nevada Health Link were eligible to receive financial support to help bring down the cost of monthly premiums.

Sources:

  • Nevada Medicaid data can be found HERE.
  • Statement from Congresswoman Susie Lee.
  • Clark County Medical Society.
  • Interview with Eve Eriksson.
  • Interview with Katie Provost.
  • Nevada Health Link.