Senate Democrats Warn of Spike in Health Care Costs Amid Open Enrollment

Strategic Insights -

As open enrollment begins for families purchasing health insurance through the Affordable Care Act, many are facing a significant spike in costs due to the refusal of Washington Republicans to extend the enhanced premium tax credits. Senator Jacky Rosen (D-NV) has repeatedly voted in favor of legislation to address the looming spike in health care costs, which Republicans have voted down every time.

Senator Rosen has been a vocal advocate for extending the enhanced premium tax credits, which have helped nearly 95,000 people in Nevada directly benefit from them. The non-partisan Kaiser Family Foundation analysis shows that health care premiums for hardworking families would more than double if the ACA's enhanced premium tax credits are not extended this year.

Senator Rosen has pushed to reopen the government and extend the ACA enhanced premium tax credits, hosting a virtual roundtable with Nevadans who rely on the Affordable Care Act's enhanced premium tax credits to afford their health coverage. She has also introduced the Health Care Affordability Act to make the ACA's enhanced premium tax credits permanent, ensuring that Nevada families can continue to afford coverage.

Key Takeaways:

  • The Affordable Care Act's enhanced premium tax credits will expire in 2023, leading to a significant spike in health care costs for families purchasing health insurance through the ACA.
  • Nearly 95,000 people in Nevada directly benefit from the enhanced premium tax credits, and their costs will more than double if the credits are not extended.
  • Senator Jacky Rosen (D-NV) has repeatedly voted in favor of legislation to extend the enhanced premium tax credits, but Republicans have voted them down every time.
  • Senator Rosen has introduced the Health Care Affordability Act to make the ACA's enhanced premium tax credits permanent and ensure that Nevada families can continue to afford coverage.
  • The non-partisan Kaiser Family Foundation analysis shows that health care premiums for hardworking families would more than double in 2023 if the ACA's enhanced premium tax credits are not extended.
  • Senator Rosen has hosted a virtual roundtable with Nevadans who rely on the Affordable Care Act's enhanced premium tax credits to afford their health coverage.
  • Senator Rosen has also traveled up and down the state, meeting with hospital staff to discuss Washington Republicans' extreme cuts to Medicaid and her legislation to reverse these cuts.

Statistics:

  • 95,000 people in Nevada directly benefit from the enhanced premium tax credits.
  • Health care premiums for hardworking families would more than double in 2023 if the ACA's enhanced premium tax credits are not extended.
  • The non-partisan Kaiser Family Foundation analysis projects a 122% increase in health care costs for families purchasing health insurance through the ACA in 2023 if the enhanced premium tax credits are not extended.
  • Senator Rosen has introduced the Health Care Affordability Act to make the ACA's enhanced premium tax credits permanent.

Sources:

  • Statement by Senator Jacky Rosen (D-NV) on open enrollment for the Affordable Care Act.
  • Analysis by the non-partisan Kaiser Family Foundation on the impact of expiring enhanced premium tax credits on health care costs.
  • Introduction of the Health Care Affordability Act by Senator Jacky Rosen (D-NV) to make the ACA's enhanced premium tax credits permanent.