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Covered California says loss of enhanced federal tax credits could double premiums for many enrollees
Summary
Covered California reported open enrollment closed with about 1.9 million signups and warned expiration of enhanced premium tax credits could raise average monthly premiums by roughly 97% for enrollees; the state has appropriated $190 million to target lower‑income consumers but cannot fully backfill federal assistance.
Katie Ravel, director of policy, eligibility and research at Covered California, told the subcommittee the expiration of enhanced federal premium tax credits — which expired on Dec. 31, 2025 — will materially increase premiums for many marketplace enrollees. "With that expiration, Covered California estimates that our enrollees will lose about $2,500,000,000 in premium assistance for 2026," Ravel said, adding that monthly premium costs could on average double for members…
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