Washington D.C. – On the heels of the anniversary of the Trump-GOP ‘Big Ugly’ law that made the largest health care cuts in U.S. history, a new KFF analysis finds Americans are facing a second consecutive year of double-digit health care premium increases. Affordable Care Act (ACA) Marketplace insurers are proposing a median premium increase of 14% for 2027, while 20 insurers are requesting premium increases of more than 20%. It’s the latest consequence of the Big Ugly Bill’s provision that ripped away ACA tax credits that helped working families afford coverage, because Republicans preferred to instead spend that money on tax breaks for billionaires and big corporations. The choice made by Republicans like Rep. Tom Kean (R-NJ-7) to eliminate these tax credits has already driven millions off their coverage as fewer than half of Americans say they can consistently afford it.
“Rep. Tom Kean set off a deadly domino effect by helping Donald Trump strip working Americans of tax credits they relied on to afford health care,” said Brad Woodhouse, President of Save My Care. “Ending this lifeline immediately raised costs and priced out many from their coverage, which brought chaos to the system and is teeing up a second round of double-digit premium hikes. With nowhere else to go for coverage, many are now rationing medication, racking up medical debt, and putting off seeing their doctor. Trump and his accomplices in Congress knowingly manufactured a health care affordability crisis that’s making America sicker, and many will die because of it. But Republicans like Tom Kean decided long ago that it was more important that billionaires and big corporations pay even less or nothing at all in taxes while continuing to raise costs on us anyways.”
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