In three weeks, many of the government subsidies that help people afford health insurance will expire. If the subsidies are not extended before the end of the year, the impacts will be cataclysmic.
The 22 million Americans who currently receive these subsidies will see their premiums increase by an average of 114%. According to an analysis by the Urban Institute, families with incomes below 250% of the poverty line will pay premiums that are more than four times higher — rising from $169 to $919.
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