Obamacare Premiums Expected to Surge Over 100% as Federal Tax Credits Expire

As the 2026 open enrollment period for health insurance begins, millions of Americans face significant premium hikes due to the expiration of enhanced premium tax credits that were expanded during the COVID-19 pandemic. These tax credits, crucial for affordability under the Affordable Care Act (ACA), are set to end amid a government shutdown and political deadlock, leading to average premium increases of up to 26% nationally and even higher in some states like New Jersey and Colorado. Maryland officials warn about a "triple whammy" effect involving rising costs and policy changes, urging residents to carefully review their plans. The loss of subsidies will disproportionately impact lower- and middle-income families, with some facing premium payments that could consume a large portion of their income. Democrats have made extending these credits a key condition for resolving the government shutdown, highlighting the severe consequences of inaction on public health and affordability. Overall, the situation underscores growing concerns about access to affordable healthcare amid political stalemates and economic pressures.