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Penny: end of enhanced federal premium tax credits could push hundreds of thousands from coverage; state affordability option proposed
Summary
Devon Trolli, executive director of Penny, told lawmakers that if Congress does not extend enhanced federal premium tax credits beyond 2025, Pennsylvanians on the exchange could face average premium increases of 82% and as many as about 150,000 people could drop coverage.
Devon Trolli, executive director of Penny (Pennsylvania's health insurance marketplace), told a legislative budget hearing that the federal enhanced premium tax credits under the American Rescue Plan and later legislation spurred a nearly 50% jump in Marketplace enrollment and helped Penny reach record coverage levels — roughly a half‑million Pennsylvanians.
Trolli warned lawmakers that the enhanced credits are scheduled to expire under current federal law at the end of the year, and that failure by…
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