24 million people across America have purchased quality health coverage they can afford on the Marketplace, and for most of them its thanks to the health care tax credit that Congress introduced in 2021 and extended in 2022. Allowing the credit to expire would hit family budgets hard: A family of four earning $64,000 will see their premiums rise by upwards of $2,800. For a 60-year-old couple earning $80,000, premiums will rise $17,000 on average.
