337K in Mass. with marketplace health insurance slated to lose ACA tax credits, see higher premiums

An estimated 337,000 of the state’s 400,000 health insurance marketplace enrollees will soon lose federal subsidies that make their coverage more affordable — if Congress doesn’t take action before Dec. 31.

Ending the federal government shutdown , now the longest on record, hinges on Democrats and Republicans’ opposing positions on Affordable Care Act subsidies — known as enhanced premium tax credits — that are set to expire at the end of the year.

The credits were put in place by the Biden administration in 2021 to make health insurance more affordable during the COVID-19 pandemic.

Washington is at a stalemate as Democrats insist Republicans approve $425 million in ACA tax credit extensions before reopening the government, while Republicans refuse to negotiate until the government