Declaring a “budget-busting, skyrocketing” crisis, Gov. Maura Healey said Monday some Massachusetts residents are about to see their health insurance premiums spike by $25,000 in a single year.

“And that’s because Donald Trump and the Republicans have refused to extend these tax credits, tax subsidies that were available to people getting those benefits, and those are set to expire at the end of this year,” she said.

Healey was referring to the 40-day federal government shutdown that largely hinges on a stalemate over Affordable Care Act enhanced premium tax credits, which have made state marketplace health insurance more affordable for many more people since 2021.

In Massachusetts, if the ACA enhanced premium tax credits are not extended past Dec. 31, 337,000 enrollees in the sta

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