WASHINGTON, DC – The American Rescue Plan could lower health care costs for tens of thousands of Californians living throughout the 15th Congressional District, a new report commissioned by Congressman Eric Swalwell has found, including drastically reducing health care costs by an average of $6,900 for eligible East Bay individuals and families.
The new report found that by reducing premium contributions and expanding access to premium tax credits, the 15th District’s uninsured rate could drop by 54% if the estimated 15,000 district residents who now are uninsured enroll in the low-cost plans provided for in the American Rescue Plan.
“The American Rescue Plan is lowering health care costs and cutting taxes for tens of thousands of people in California and our 15th District shouldn’t miss out on the savings,” said Congressman Eric Swalwell. “The American Rescue Plan provides the most significant savings for consumers since the Affordable Care Act began. The new and expanded financial help provided by the American Rescue Plan can help people get covered and stay covered by lowering their premiums and putting money back into their pockets.”
While some households already receiving their health insurance through California’s marketplace or ACA tax credits will automatically have their premiums lowered, uninsured households will not receive the enhanced tax credits in 2021 if they do not enroll by the end of the year.
Based on estimates from the House Committee on Oversight and Reform, individuals and families in CA-15 could see the following benefits:
- An estimated 36,000 individuals and families who currently purchase health insurance on the individual market could save an average of $6,900 in health insurance premiums annually under the American Rescue Plan.
- An estimated 15,000 individuals not currently insured can obtain subsidies – including an estimated 12,000 who can now enroll in an ACA plan for less than $10 a month.
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