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Shanice Jordan is one of the four million Texans enrolled in an Affordable Care Act health plan. But subsidies that make plans through the federal health insurance marketplace more affordable are set to expire at the end of the year — meaning Jordan and other Texans will premiums that are more than double what they currently pay.
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Many Oklahomans will see health insurance rate hikes unless Congress extends expiring Affordable Care Act tax credits. Rural residents will be hit hardest, according to a researchers from the Oklahoma Policy Institute.
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If the end-of-year expiration date is not extended, enhanced ACA marketplace participants will see premiums rise anywhere between $300 and $1000. Six in 10 of the respondents to a KFF poll said a $300 increase would put an unsustainable strain on their budget.
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Enhanced credits for health insurance purchased from the Affordable Care Act marketplace expire at the end of this year. If they aren’t renewed, premiums will skyrocket for many people in Kansas and nationwide.
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About 1 million Texans with ACA health plans are over the age of 45, and many of them will pay monthly premiums that are more than $1,000.
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The Affordable Care Act marketplace for health insurance opened Saturday. With an enhanced tax credit set to expire at the end of the year, Kansans face dramatically increased premiums.
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Enrollment in Affordable Care Act marketplace health insurance plans begins Nov. 1. But questions about whether Congress will extend tax credits that bring down the cost of plans for many Americans linger.
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The law asks facilities to include a simple description of the service, its billing code, discounted cash price and negotiated insurance rates on their website
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Texas saw the largest increase in the rate of uninsured children in the country between 2022 and 2024. Experts warn it will likely get worse.
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Scheme led to millions in wrongful payments