Jul 09 2018
People Who Did Not Qualify for Premium Tax Credits Dropped Coverage as Health Premiums Spiked
The consequences of Republicans’ sabotage of the Affordable Care Act marketplaces continue to pile up. In just the latest example, about 1 million Americans were priced out of the individual health insurance market last year. Average monthly enrollment among people who did not receive advance premium tax credit (APTC) subsidies fell by 20 percent between 2016 and 2017, just as average monthly premiums increased by 21 percent. By contrast, individual plan enrollment among individuals who qualified for APTC subsidies fell by 3 percent. While the administration concludes that the spike in premiums drove people out of the market, President Trump and congressional Republicans are doubling down on efforts to further destabilize markets, raise premiums, and eliminate coverage for millions of Americans.