Rick Thornton, an Austin health insurance agent, says that studies recently conducted by long-time researchers suggests that 3.1 million Americans could lose insurance coverage or experience rate hikes at year end.
Health Insurance in Austin Could Have
Subsidies Expire in January 2023
Health insurance in Austin and the
boosted Affordable Care Act
subsidies that come with it have
proven to be a major benefit to
millions of previously uninsured and
underinsured Americans and their
families.
If Congress does not extend
enhanced subsidies for ACA
coverage before the end of the
year, approximately 3.1 million
people could lose coverage or see
premium hikes of hundreds of
dollars.
The news of this impending
issue has been known for
months after the Robert Wood
Johnson Foundation released
a study back in April.
The ACA exchanges resulted
in a record-setting enrollment
of 14.5 million people for
2022, and the boosted credits
were a big reason why.
Researchers found that there
will be nearly 5 million fewer
people enrolling for coverage
next year if the enhanced
credits are not extended.
Kathy Hempstead, a senior policy adviser at the
RWJF, said in a statement, "A several of
progress in boosting the coverage rate to record
levels seems inevitable if Congress does not
act." Rick Thornton, an Austin health insurance
agent , also pointed to an article in Fierce
Healthcare that said
Thornton is optimistic that
something will be done, but
until then, Americans will be
forced to play a waiting
game.
Insurance4Dallas provides
consumers with detailed
information on health
insurance with the ability to
purchase health insurance
online.
Insurance4Dallas provides a full
spectrum of health, dental, vision,
life and ancillary insurance
products, providing a diverse
selection of price and benefit
options complemented by personal
customer service.
Available via phone, email or fax,
Insurance4Dallas answers
consumer questions throughout
the purchasing process and
during the utilization of its health
insurance policies.
Find Out More At
https://insurance4dallas.com/g
roup-health-insurance-austin/
Subsidies Expire in January 2023
Health insurance in Austin and the
boosted Affordable Care Act
subsidies that come with it have
proven to be a major benefit to
millions of previously uninsured and
underinsured Americans and their
families.
If Congress does not extend
enhanced subsidies for ACA
coverage before the end of the
year, approximately 3.1 million
people could lose coverage or see
premium hikes of hundreds of
dollars.
The news of this impending
issue has been known for
months after the Robert Wood
Johnson Foundation released
a study back in April.
The ACA exchanges resulted
in a record-setting enrollment
of 14.5 million people for
2022, and the boosted credits
were a big reason why.
Researchers found that there
will be nearly 5 million fewer
people enrolling for coverage
next year if the enhanced
credits are not extended.
Kathy Hempstead, a senior policy adviser at the
RWJF, said in a statement, "A several of
progress in boosting the coverage rate to record
levels seems inevitable if Congress does not
act." Rick Thornton, an Austin health insurance
agent , also pointed to an article in Fierce
Healthcare that said
Thornton is optimistic that
something will be done, but
until then, Americans will be
forced to play a waiting
game.
Insurance4Dallas provides
consumers with detailed
information on health
insurance with the ability to
purchase health insurance
online.
Insurance4Dallas provides a full
spectrum of health, dental, vision,
life and ancillary insurance
products, providing a diverse
selection of price and benefit
options complemented by personal
customer service.
Available via phone, email or fax,
Insurance4Dallas answers
consumer questions throughout
the purchasing process and
during the utilization of its health
insurance policies.
Find Out More At
https://insurance4dallas.com/g
roup-health-insurance-austin/