Kentucky Democrats are calling on Congress to extend Affordable Care Act tax credits for Americans before they expire Saturday.
Governor Andy Beshear and Congressman Morgan McGarvey held a press conference Tuesday where they said the credits will run out this weekend. If they do, this could mean higher premiums for many Kentuckians.
Beshear said nearly 100,000 Kentuckians could see their health insurance costs spike if Congress doesn’t extend Affordable Care Act tax credits.
The governor said premiums could increase up to 37% for 2026 coverage if Affordable Care Act tax credits are not extended before open enrollment begins November 1.
McGarvey said almost all Kentuckians’ premiums will jump and become hard to afford without the tax credits.
Beshear said if there is no tax credit extension, every single Kentuckian will be impacted, including those with employer-based insurance, as the overall cost of health care will rise dramatically.
Source: WBKO
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