With tax credits about to end, Rhode Islanders could pay thousands more for federal health insurance

As the Dec. 31 end to federal subsidies for federal health care nears, pressure is mounting on insurers, providers, and the nearly 40,000 Rhode Islanders who rely on tax credits to afford coverage.

Perhaps no one feels the pressure more than Cory King, who as the state health insurance commissioner is charged with deciding how to balance rising costs for consumers and insurers. The latter have asked for the highest rate increases in more than a decade, anticipating major financial losses after federal tax credits expire. PBN Branded Content

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“It’s always a very complicated balancing act,”