The Centers for Medicare & Medicaid Services (CMS) has announced that the existing subsidies for the ACA marketplace will cease on December 31, 2024. This action is a result of a budget shortfall and a review of the program’s effectiveness. Millions of Americans rely on these subsidies to maintain affordable health insurance coverage. The CMS is currently working to find alternative solutions to address the projected increased costs. The extended subsidy programs are essential to ensure continued access to healthcare for vulnerable populations.
Credits: NYT > Top Stories