ByBruce Japsen,
Senior Contributor.
One in four Obamacare enrollees will “very likely go without” coverage next year if tax credits aren’t extended and premiums doubled for those who buy individual coverage under the Affordable Care Act, according to a new KFF poll.
The KFF survey, which began in early November just as Americans began shopping for coverage during the beginning of open enrollment that started a month ago, shows how most Americans who currently have Obamacare wouldn’t be able to afford it if tax credits go away. Open enrollment began Nov. 1 and runs to Dec. 15.
The tax credits, or subsidies, make health insurance premiums more affordable for individuals. They were enhanced by the Biden administration and the Democratic-controlled Congress in 2021, allowing more Americans to buy coverage.
