Reed Urges Republicans to Put Politics Aside, Extend Affordable Care Act Tax Credits

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Ahead of this week’s U.S. Senate vote to prevent health insurance premiums from skyrocketing for tens of millions of Americans, U.S. Senator Jack Reed (D-RI) is urging members of Congress to put politics aside and prevent massive cost increases to people’s health premiums. Ever since President Trump signed a law in July cutting nearly $1 trillion from Medicaid that will hit families, seniors, hospitals, nursing homes, and more, Senator Reed has been working to try to extend Affordable Care Act (ACA) premium tax credits and prevent roughly 24 million Americans from seeing a sudden spike in healthcare costs. Without the enhanced premium tax credits, ACA enrollees are facing average premium increases of 114 percent in 2026.