Ohioans Face Healthcare Premium Spike or Loss of Coverage if Tax Credits Expire

Strategic Insights -

Ohioans could soon face significant healthcare premium increases or loss of coverage if Republicans allow tax credits that help families afford coverage to expire. Over half a million Ohioans rely on these subsidies to afford health insurance through the Affordable Care Act marketplace. Democrats argue that Republicans are prioritizing cost-cutting over the well-being of Ohioans, as the subsidies are set to expire at the end of 2025. According to a KFF Health News analysis, if the tax credits expire, enrollees will see their premiums more than double in 2026.

Key Takeaways:

  • Over 583,000 Ohioans rely on enhanced premium tax credits to afford health insurance through the Affordable Care Act marketplace.
  • If tax credits expire, Ohioans will see their healthcare premiums more than double in 2026, according to a KFF Health News analysis.
  • For a family of four making $126,000 in Franklin County, the annual premium increase could be $2,092.
  • For a 60-year-old couple making $75,000 in Delaware County, the annual premium increase could be $1,943.
  • Republicans' decision to prioritize cost-cutting over healthcare subsidies could lead to a quarter of a million Ohioans losing coverage or seeing significant premium increases.
  • Democrats argue that Republicans' stance is a result of prioritizing politics over people's health.

Statistics:

  • 24 million people receive enhanced premium tax credits from the federal government.
  • 583,000 Ohioans rely on these subsidies to afford health insurance through the ACA marketplace.
  • In 2026, healthcare premiums could increase by over $2,000 for a family of four in Franklin County, and by over $1,900 for a 60-year-old couple in Delaware County.

Sources:

  • Ohio Democratic Party
  • KFF Health News