In states where health insurance premiums are highest, consumers losing marketplace subsidies would have seen the steepest increases if Congress did not pass the Inflation Reduction Act’s continuation of the enhanced subsidies. Source: “Five Things to Know about the Renewal of Extra Affordable Care Act Subsidies in the Inflation Reduction Act,” Kaiser Family Foundation, Aug. 11, 2022. Accessed Aug. 18, 2022.
By signing the Inflation Reduction Act (IRA) on Tuesday, August 16, President Biden made history by continuing a 12-year trend to reduce the number of nonelderly Americans without health insurance.
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