Story perspectives

Congress Proposes Bill to Prevent 117% Premium Hikes

9/6/2025

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Summary

Story summary

Bipartisan representatives, including Rep. Jared Golden, proposed a bill to extend health insurance subsidies until 2026.
The bill aims to prevent significant premium increases, with Gov. Janet Mills advocating for Congressional action.
The Bipartisan Premium Tax Credit Extension Act, co-sponsored by Rep. Jen Kiggans, seeks to extend tax credits beyond 2026.
Maine residents could face premium hikes of up to 117% without this extension.
The Maine Bureau of Insurance anticipates a 24% average premium increase for individual Obamacare plans in 2026.

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Story summary

Bipartisan representatives, including Rep. Jared Golden, proposed a bill to extend health insurance subsidies until 2026.
The bill aims to prevent significant premium increases, with Gov. Janet Mills advocating for Congressional action.
The Bipartisan Premium Tax Credit Extension Act, co-sponsored by Rep. Jen Kiggans, seeks to extend tax credits beyond 2026.
Maine residents could face premium hikes of up to 117% without this extension.
The Maine Bureau of Insurance anticipates a 24% average premium increase for individual Obamacare plans in 2026.