By David Yassky
As a candidate for State Senate, I have promised the people of New York to fight for them. One fight now reaches across our communities: as Congress debates legislative priorities for the rest of the year, I want to emphasize the urgency of one provision that must be supported — the future of health care subsidies.
These health care subsidies, created in the Affordable Care Act (ACA) and expanded in the American Rescue Plan Act (ARPA), are set to expire at the end of the year. And it is vitally important that our leaders in Congress fight to permanently extend them.
Affordable, accessible health care is an essential need, especially as we’ve seen an epidemic of Americans quitting their nine-to-five jobs and, instead, committing to unconventional jobs such as self-employment or other part-time work. In December of 2021 alone, 4.3 million Americans left their jobs.
That’s just a small portion of the Americans who no longer have access to employer-provided health insurance. It is imperative that this growing sector of our workers has access to affordable care. Health care subsidies help make that happen for thousands of New Yorkers.
In just a few months, the expanded health care subsidies will expire if action is not taken soon. This would result in massive premium increases. More than 10 million Americans would lose part or all of their tax credit assistance.
I am a firm supporter of making the health care subsidies permanent, and I strongly urge Congress to avoid these catastrophic repercussions by acting now. This must happen before their August recess — before it’s too late.