Millions of Americans who buy health insurance through the Affordable Care Act (ACA), also known as “Obamacare,” stand to lose their premium subsidies, with less than three weeks to go until they expire at the end of 2025. And the result of that would be skyrocketing health care costs for 22 million marketplace users.

If Congress does not extend the enhanced premium tax credits, it will also trigger a so-called “subsidy cliff,” or strict income maximum that abruptly cuts off subsidies to households with incomes that are over 400% of the federal poverty level. That would raise the costs of those healthcare plans by an estimated 75%, according to KFF, a nonpartisan health policy research group.

Currently, 92% of Americans enrolled the ACA marketplace plan receive some type of enhanced subs

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