Gretchen Whitmer, the governor of Michigan, joined 13 other governors in calling on Congress to lower healthcare prices.
Under the American Rescue Plan, the governours are requesting that the advance premium tax credits (APTC) be made permanent by the legislature (ARP).
Whitmer stated in a statement that “working families are currently confronting increased costs on groceries, petrol, and other everyday expenses in Michigan and around the country.”
“Achieving this will reduce expenses and safeguard over 270,000 Michiganders’ access to healthcare coverage.
I urge congressional leaders to work together to pass this legislation because I am committed to strengthening our economy, generating high-paying jobs, and lowering costs for working families.
By doing this, we will be able to preserve healthcare coverage and reduce costs for millions of Americans.
The APTC offers advance payments to qualified families to reduce their monthly healthcare premiums.
According to the IRS, eligibility requirements for 2021 and 2022 are a household income of no more than 400 per cent of the federal poverty level.
The American Rescue Plan Act of 2021, according to officials, increased and enlarged the APTC; nevertheless, the ARP subsidy expansion is scheduled to expire at the end of 2022.
The governors claim in a letter to congressional leaders that 3.4 million people who are now enrolled in coverage could lose it if the expansion expires.
The letter stated that if Congress does not take action, “many people will choose to limit health insurance coverage or perhaps go without coverage as inflation continues to place a burden on consumers’ budgets.”
Officials claim that the American Rescue Plan Act of 2021 raised and expanded the APTC; nevertheless, the extension of the ARP subsidy is set to expire at the end of 2022.
In a letter to congressional leaders, the governors assert that 3.4 million people who are currently enrolled in coverage would lose it if the expansion is not extended.
According to the letter, “many people will choose to limit health insurance coverage or potentially go without coverage as inflation continues to throw a pressure on consumers’ budgets” if Congress does not take action.
The governor of Michigan, Gretchen Whitmer, joined 13 other governors in urging Congress to cut healthcare costs.
The IRS states that a household income of no more than 400% of the federal poverty threshold will qualify someone for 2021 and 2022.
Officials claim that the American Rescue Plan Act of 2021 raised and expanded the APTC; nevertheless, the extension of the ARP subsidy is set to expire at the end of 2022.
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Gavin Newsom of California, Jared Polis of Colorado, Ned Lamont of Connecticut, Steve Sisolak of Nevada, Phil Murphy of New Jersey, Kathy Hochul of New York, Roy Cooper of North Carolina, Kate Brown of Oregon, Tom Wolf of Pennsylvania, Dan McKee of Rhode Island, Albert Bryan of the Territory of the U.S. Virgin Islands, and Jay Inslee of Washington are among the other governors who signed the letter.
