insurance subsidies

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.

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.

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.

Insurance companies have proposed the highest rate increases since 2018. Health care analysts blame Trump administration policies, which will raise prices and drive healthy people out of the marketplace.

Some state legislatures are moving to shield residents’ federal health insurance subsidies in advance of a U.S. Supreme Court decision regarding the…