The AAMC joined other hospital and health system groups in a July 11 letter to Senate Majority Leader Chuck Schumer (D-N.Y.) and House Speaker Nancy Pelosi (D-Calif.) urging their support of extending enhanced premium tax credits beyond 2022. Other signers included the American Hospital Association, the Federation of American Hospitals, and America’s Essential Hospitals.
The letter reminded Schumer and Pelosi that “Continuation of this economic support is essential to provide millions of Americans with affordable coverage, particularly during a time of record inflation rates.” The letter specifically highlighted that the enhanced premium tax credits have greatly contributed to a reduction in the nation’s uninsured rate and noted that, “Without action, millions of American will no longer be able to afford coverage.”
Congress originally authorized the enhanced premium tax credits in the American Rescue Plan Act of 2021 (P.L. 117-2), specifying that they would continue through 2022. This provision greatly expanded access for both uninsured adults and current enrollees to zero- and low-premium health plans. Congressional action is needed to extend the enhanced premium tax credits.