Delaware spearheads group of states urging Congress to sanction prolonging government healthcare subsidies
In a tense political climate, House Speaker Mike Johnson, R-La., has accused Democrats of attempting to insert partisan political preferences into a clean funding extension, potentially leading to a government shutdown.
Meanwhile, the subsidies that help thousands of Delaware residents afford health care insurance on the Healthcare.gov marketplace are at the heart of budget negotiations in Congress. These subsidies, which were extended as part of the Inflation Reduction Act in 2021, have been instrumental in lowering premiums for many. On average, the credits have reduced premiums by $538 per month and more than $6,400 per year.
Nearly 46,000 of Delaware's Affordable Care Act enrollees were supported by these tax credits, totaling 92% of policyholders. However, if no extension is reached, average premiums could spike by more than 75%, with rural regions seeing hikes as high as 90%. More than 16,000 people in Delaware could lose their subsidies, and about 5,000 could lose coverage altogether.
In an effort to prevent this, Delaware Gov. Matt Meyer has sent a letter to House and Senate leaders urging them to extend the credits. Senate Minority Leader Chuck Schumer, D-New York, has been vocal in his support, stating that ACA tax credits must be expanded to save Americans thousands and protect lives.
Democrats in Congress are pushing for the enhancement of ACA subsidies to be included in the stopgap bill. A competing continuing resolution has been released, keeping the government open until Oct. 31, and making the enhanced premium tax credits permanent.
Delaware is leading a group of states asking Congress to extend Affordable Care Act subsidies, which are set to expire at the end of 2025. The Democratic measure aims to reverse Medicaid cuts, unfreeze foreign aid, and restore funding for public broadcasting.
Carriers on the Delaware Health Insurance Marketplace have filed higher rates for the coming year, with premium hikes ranging from 25% to 35%. Open enrollment for Delaware Health Insurance Marketplace begins on Nov. 1.
Congresswoman Sarah McBride supports the Democratic measure restoring Medicaid and extending the ACA tax credits. The story was supported by a statehouse coverage grant from the Corporation for Public Broadcasting.
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