ICYMI: On CNN’s The Lead with Jake Tapper, Shaheen Emphasizes Importance and Urgency of Extending ACA Enhanced Premium Tax Credits

**Shaheen leads the bicameral legislation to permanently extend the ACA enhanced premium tax credits**
(Washington, DC) – U.S. Senator Jeanne Shaheen (D-NH),author ofbicameral legislationto permanently extend the Affordable Care Act enhanced premium tax credits, joined CNN’sThe Lead with Jake Tapperlast night to discuss the urgent need for Congress to preserve and extend the tax credits that have made health care more affordable for tens of millions of Americans and are set to expire at the end of the year. Shaheen warned that if the tax credits aren’t extended before their end-of-year expiration millions of Americans will be kicked off their health insurance plans and millions more—including small business owners and employees—will face significantly higher premiums.ClickHEREto watch Senator Shaheen’s full interview.
Key quotes from Senator Shaheen:
Just before the interview last night,Shaheen took to the Senate floorto lead a group of her Senate colleagues to call for Republican cooperation to keep the government open and extend the soon-expiring premium tax credits.
This week, Shaheen also released two new videos: Oneexplaining the importanceof enhanced premium tax credits, and the othershowcasing a conversation with her constituent—Paul from Canaan, NH— discussing the importance of Affordable Care Act enhanced premium tax credits for working families like his. Earlier this month, Shaheen and a group of her colleaguespublished the findingsfrom areport they commissioneddetailing the disastrous impacts Republican-led cuts to health care, including allowing enhanced premium tax credits to expire this year, will have on Americans’ health insurance plans. Thereportoutlines a 75% increase in net premiums, the largest rate change insurers have requested since 2018.
Shaheen champions efforts in Congress to make health care more affordable and accessible for Granite Staters and all Americans. Shaheen’s first bill introduction this Congress was her landmarkHealth Care Affordability Act—bicameral legislation with U.S. Senator Tammy Baldwin (D-WI) and U.S. Congresswoman Lauren Underwood (IL-14) to permanently extend enhanced premium tax credits for Marketplace coverage that have lowered health care costs for millions of Americans. In July,Shaheen delivered remarks alongside her Senate colleaguesabout the consequences of allowing the vital tax credits to expire at the end of this year.
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