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Insurance commissioner: end of enhanced premium tax credits will raise premiums and could push 95,000–110,000 people off coverage unless state steps in
Summary
Colorado's Division of Insurance projected that loss of ARPA enhanced premium tax credits will reduce federal pass‑through funding by roughly $105 million, force large reductions in reinsurance impact and could lead to a 28% average marketplace premium increase request and 95,000–110,000 coverage losses next year absent federal extension or state mitigation.
The state's insurance regulator told the Executive Committee that federal changes in HR 1 will sharply reduce marketplace subsidies and pass‑through funding that undergird Colorado's affordability programs.
Insurance Commissioner Mike Conway summarized the mechanism: enhanced premium tax credits (ARPA) both increased subsidies for people and generated pass‑through funds (Section 1332 waiver pass‑through) that Colorado used to fund reinsurance and state subsidy wraps. Conway said the loss of enhanced tax…
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