Millions in Florida Risk Higher Health Costs Next Year

Affordable Care Act subsidies, crucial for millions of Floridians, are slated to expire at the close of this year, potentially leading to substantial premium hikes. Florida, with 4.7 million individuals enrolled in ACA plans—the highest number nationwide—faces significant financial repercussions, with experts predicting increased out-of-pocket healthcare costs for many residents.

Cat Jaramillo, a self-employed resident, highlighted the life-changing impact of these subsidies. Her insurance, bolstered by ACA credits, reduces her monthly premiums to between $125 and $188. Without them, essential medications that cost $5 could surge to over $300, while a recent medical procedure cost her less than $500. The expiration of these subsidies threatens her ability to afford necessary care, pushing her into a "survival mode."

Scott Darius, executive director of Florida Voices for Health, emphasized that Florida stands to lose the most if these ACA tax credits are not extended, with working-class families bearing the brunt. He advises affected individuals to prioritize their coverage needs. Darius also noted that the deadline to sign up for the ACA market is Monday; failure to do so could delay coverage until at least February.