This week at CBPP, we focused on the economy, health, and state budgets and taxes.
- On the economy, we released a statement from CBPP President Sharon Parrott explaining that Republican economic proposals would harm the people President-elect Trump promised to help. Parrott affirmed CBPP’s commitment to resist harmful policies that reduce economic security and opportunity while continuing to work on policies that advance economic opportunity and racial justice.
- On health, Sarah Lueck and Allison Orris explained why a second Trump Administration and Republican control of Congress could pose risks to health care access and affordability. Gideon Lukens and Elizabeth Zhang warned that if Congress lets enhanced premium tax credits expire, millions of enrollees in the Affordable Care Act marketplaces will see their health insurance prices spike next year. Lukens highlighted the latest data that continue to show that most Medicaid enrollees work, refuting proposals to condition Medicaid on unnecessary work requirements. Shelby Gonzalez emphasized the need for robust outreach to help people with Deferred Action for Childhood Arrivals (DACA) buy health insurance on the Affordable Care Act marketplace during the open enrollment period, which started on November 1.
- On state budgets and taxes, we updated our state tax cut tracker with an entry on how Iowa’s tax cuts for the rich are already straining state services.
Chart of the Week — Marketplace Enrollees Across the Country Will Face Steep Premium Increases if Enhancements Expire
Marketplace Enrollees Across the Country Will Face Steep Premium Increases if Enhancements Expire
Average premium increase due to tax credit enhancement expirations among states that operate federally facilitated marketplaces, by congressional district, 118th Congress
40%
65%
75%
85%
90%
100%
115%
125%
220%
Florida Congressional District 17
| Enrollment | 105,000 |
| Annual dollar increase | $684 |
| Percent increase | 71% |
Zoom InZoom OutReset
Note: Estimates are for enrollees receiving advanced premium tax credits. Estimates are only available for states that operate federally facilitated marketplaces. Other states, shaded in gray, would also experience premium increases, but estimates are unavailable.
Source: Centers for Medicare and Medicaid Services