January 30, 2025- Ascension has joined Keep Americans Covered, a nonpartisan coalition of healthcare stakeholders working to keep healthcare costs down for millions of Americans. The coalition’s primary focus is advocating for the extension of enhanced premium tax credits in the individual health insurance marketplace.
Introduced under the American Rescue Plan Act in 2021 and extended in 2022, the enhanced premium tax credits have provided substantial financial relief, saving eligible recipients an average of 48 percent on monthly health insurance premiums, according to the American Hospital Association. However, if these credits expire at the end of 2025 as currently scheduled, approximately four million Americans could lose their health coverage entirely, with millions more facing significantly higher premiums.