{"database": "press", "table": "releases", "rows": [["https://neal.house.gov/2024/12/05/news-documentsingle-aspx-documentid-4090/", "Neal and Underwood, Wyden and Shaheen, Jeffries and Schumer Release CBO Findings Detailing Impact on Americans\u2019 Health Insurance Should Enhanced Premium Tax Credits Expire in 2025", "2024-12-05", "2024", "2024-12", "Democrat", "House", "MA", "Richard E. Neal", "N000015", "neal.house.gov", "neal", "https://neal.house.gov/category/press-releases/", "scraper", "Washington, D.C.\n\nU.S. Representatives Richard E. Neal (D-MA), Ranking Member of the U.S. House of Representatives Ways and Means Committee, and Lauren Underwood (D-IL), with U.S. Senators Jeanne Shaheen (D-NH) and Ron Wyden (D-OR), Chair of the U.S. Senate Finance Committee, as well as U.S. House of Representatives Democratic Leader Hakeem Jeffries and U.S. Senate Majority Leader Chuck Schumer secured new data from the U.S. Congressional Budget Office (CBO) detailing the impact on Americans\u2019 health insurance should the Affordable Care Act\u2019s (ACA) enhanced premium tax credits (PTCs) expire at the end of 2025. If Congress does not extend these tax credits, premiums will increase by 7.9 percent and 3.8 million Americans will go uninsured altogether. The full text of the lawmakers\u2019 CBO request can be found here. CBO\u2019s findings released today can be found here.\n\n\u201cThe Affordable Care Act transformed our health care system, and already this year, Open Enrollment is breaking records with nearly 1 million new consumers selecting coverage for 2025,\u201d said Ranking Member Neal. \u201cToday\u2019s analysis shows that abandoning this life-saving credit is a sure-fire way for President Trump and Republicans to throttle the American people with a sicker, more expensive way of life. Unless they want to raise taxes on workers and families and leave millions uninsured, passing an extension is not negotiable.\u201d\n\n\u201cBecause of the American Rescue Plan and Inflation Reduction Act, Congressional Democrats were successful in lowering the cost of health care for millions of hardworking taxpayers. The Congressional Budget Office\u2019s report today illustrates the critical need to extend the enhanced ACA tax credits with the fierce urgency of now. We are calling on House and Senate Republicans to partner with us to lower health care costs for American families,\u201d said Democratic Leader Hakeem Jeffries.\n\n\u201cOur Health Care Affordability Act provides quality, affordable health care coverage for millions of American families\u2014many of them for the very first time. These savings are a lifeline, but if we don\u2019t act now, Americans will see higher health care costs when these popular tax credits expire in 2025,\u201d Underwood said. \u201cThis legislation works and we are running out of time. Congress must act immediately to pass our legislation and make these lower health care costs permanent.\u201d\n\n\u201cThis is a stark preview of health care under Donald Trump: higher insurance premiums for families who buy health coverage on their own, and more uninsured Americans who can\u2019t afford health insurance at all,\u201d Wyden said. \u201cRepublicans have an opportunity to end their ideological crusade against the Affordable Care Act and work in a bipartisan manner to make health care more affordable for working families, but instead they seem poised to hand another big tax break to corporations and the wealthy.\u201d\n\n\u201cThese vital tax credits are at risk of expiring \u2013 unless we act. Democrats made massive progress in making heath care more affordable for millions of Americans. Congress should work in a bipartisan manner to extend these middle class tax cuts rather than give another tax break to corporations and the ultra-wealthy,\u201d said Leader Schumer.\n\n\u201cNew data from CBO confirms what we feared: if Congress fails to extend these tax credits, health care costs will skyrocket for millions of families and 3.8 million Americans will lose coverage entirely,\u201d said Shaheen. \u201cAt a time when Americans are already facing higher prices, we should do everything we can to lower costs when and where we can. It\u2019s time we pass my Health Care Affordability Act to permanently extend the tax credits so many families rely on.\u201d\n\nIn September, Underwood and Shaheen introduced the Health Care Affordability Act, which would make permanent the Affordable Care Act\u2019s enhanced premium tax credits for Health Insurance Marketplace coverage as extended through the Inflation Reduction Act.\n\n###", 1, "2026-03-30T01:40:41Z", "2026-04-07T22:13:55Z"]], "columns": ["url", "title", "date", "year", "month", "party", "chamber", "state", "member_name", "bioguide_id", "domain", "scraper", "source", "date_source", "text", "has_text", "collected_at", "updated_at"], "primary_keys": ["url"], "primary_key_values": ["https://neal.house.gov/2024/12/05/news-documentsingle-aspx-documentid-4090/"], "units": {}, "query_ms": 1.6305239405483007, "source": "dwillis/congress-press", "source_url": "https://github.com/dwillis/congress-press", "license": "MIT", "license_url": "https://github.com/dwillis/congress-press/blob/main/LICENSE"}