Extending the American Rescue Plan Act’s (ARPA) enhanced premium tax credits would primarily benefit those living at or below 400 percent of the federal poverty level. Over three million more people with incomes at or below 400 percent of the FPL would see reduced monthly marketplace premiums in 2023 if the credits are extended into 2023. Currently, the credits are set to expire at the end of the year.
Researchers determine that the enhanced premium tax credits are well-targeted, primarily assisting those with incomes under 400 perecent of the federal poverty level and higher-income earners with significant financial burdens. Allowing the tax credits to expire would likely increase the number of people in the United States living without access to affordable, comprehensive health insurance.
The nonprofit Urban Institute is dedicated to elevating the debate on social and economic policy. For nearly five decades, Urban scholars have conducted research and offered evidence-based solutions that improve lives and strengthen communities across a rapidly urbanizing world. Their objective research helps expand opportunities for all, reduce hardship among the most vulnerable, and strengthen the effectiveness of the public sector. Visit the Urban Institute’s Health Policy Center for more information specific to its staff and its recent research.
1-min read
CONTACT RWJF
50 College Road East
Princeton, NJ 08540-6614
US Toll Free: (877) 843-7953
International: +1 (609) 627-6000
MANAGE YOUR GRANTS
©2001-
Robert Wood Johnson Foundation. All Rights Reserved.