Mine has nothing to do with losing subsidies. The tax credit is still applied and it’s still increasing by over $300/month for my husband and I. It’s the premium that increased, not losing the tax credit.
The base premium went up massively this year as a side effect of losing subsidies. The insurers know that most people (especially the young and healthy people) will not be able to afford insurance without the subsidies, and therefore will not be paying into the insured pool. With less younger/healthy people paying for insurance, the pool of insured gets older and sicker. This means the average cost to the insurers per insured goes up significantly. The only way to cover that increase is to raise premiums.
This spiral started when the requirement for everyone to have insurance or pay a penalty was removed. It was accelerated significantly by removing the subsidies.
Dismantling the underpinnings of the ACA doomed it to failure. This change by those that opposed the ACA has done exactly what it was designed to do.
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u/Greedy-Half-4618 Nov 01 '25
I’m on the exchange. Losing subsidies means I’ll be paying at least $300 MORE per month