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Health Insurance Premiums Soar as Tax Credits Fade

3/10/2025

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Summary

Story summary

Rhode Island residents could see health insurance premiums soar by 85% as vital tax credits fade away, impacting over 40,000 people. Advocates are rallying for a 1% assessment on other insurance to keep costs manageable. Meanwhile, Minnesota faces a similar crisis, with 90,000 residents at risk of losing ACA subsidies, leading to steep premium hikes.

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Story summary

Rhode Island residents could see health insurance premiums soar by 85% as vital tax credits fade away, impacting over 40,000 people. Advocates are rallying for a 1% assessment on other insurance to keep costs manageable. Meanwhile, Minnesota faces a similar crisis, with 90,000 residents at risk of losing ACA subsidies, leading to steep premium hikes.