GOP members introduce bipartisan bill to extend premium tax credit for another year

Several Republicans on Sept. 4 joined a bipartisan coalition to propose legislation that aims to help prevent millions of Americans from losing health insurance coverage when temporary federal subsidies expire at the end of the year.

“While the enhanced premium tax credit created during the pandemic was meant to be temporary, we should not let it expire without a plan in place,” said U.S. Rep. Jen Kiggans (R-VA), who sponsored the Bipartisan Premium Tax Credit Extension Act, H.R. 5145. “My legislation will protect hard-working Virginians from facing health insurance bills they can’t afford, thus losing much-needed access to care.”

The congresswoman introduced H.R. 5145 alongside 14 original cosponsors, including U.S. Reps. Brian Fitzpatrick (R-PA), Young Kim (R-CA), David Valadao (R-CA), Rob Bresnahan (R-PA), Juan Ciscomani (R-AZ), Maria Elvira Salazar (R-FL), and Tom Suozzi (D-NY).

If enacted, H.R. 5145 would amend current law to extend the enhanced premium tax credit for one year, according to the text of the bill.

Under current law, the income-based premium tax credit, established by the Affordable Care Act (ACA) and expanded during COVID under the American Rescue Plan Act and later extended through the Inflation Reduction Act, is set to expire at the end of 2025.

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