Two major Hispanic business groups say more than 1 million Miami-Dade residents who rely on the Affordable Care Act for health insurance will see premiums skyrocket next year unless Congress acts to extend a critical federal tax credit.

The Florida State Hispanic Chamber of Commerce and the South Florida Hispanic Chamber of Commerce sounded the alarm about the likely expiration of the “Enhanced Premium Tax Credits” at a press briefing in Doral on Tuesday morning.

The tax credits were put in place during the COVID-19 pandemic to help ACA enrollees pay for health insurance. Efforts failed last month to include it in the "Big, Beautiful Act" signed into law by President Donald Trump. The tax credits are now set to expire at the end of the year.

Without a tax credit extension, say the H

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