Millions face skyrocketing health insurance costs unless Congress extends subsidies

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WASHINGTON (AP) — There’s bipartisan support in Congress for extending tax credits that have made health insurance more affordable for millions of people since the COVID-19 pandemic. But the credits are in danger of expiring as Republicans and Democrats clash over how to do it.

At a Glance:

Millions could face steep health insurance premium hikes if ACA subsidies expire

Democrats tie tax credit extension to avoiding a government shutdown

Some Republicans back extension amid pressure from constituents

Insurers warn of 50% premium increases without federal support

Democrats are threatening to vote to shut down the government at the end of the month if Republicans don’t extend the subsidies, which were first put in place in 2021 and exten