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Millions drop ACA coverage after Congress lets Obamacare subsidies expire

newsMay 1, 2026151,123

Congress allowed the Affordable Care Act's premium tax credits to expire, and millions of Americans are dropping marketplace coverage. Premiums have surged, several insurers are leaving state marketplaces, and enrollment could fall by as much as 26 percent. The loss of subsidies will raise uninsured rates, push families into much higher out-of-pocket costs, and strain hospitals and state budgets.

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