This week, the U.S. Senate failed to extend federal Affordable Care Act subsidies. As a result, Governor Lamont announced that the state expects to spend roughly $70 million next year to make up for the loss. These funds will come from a $500 million contingency reserve we created during last month’s special session to address potential federal cuts to safety-net programs. For individuals earning up to $56,000 a year, health care costs will remain unchanged. Likewise, a family of four with an annual income of up to approximately $128,000 will see little to no change in their costs. Partial subsidies are being considered for those with slightly higher incomes, up to $75,000 for single individuals and $160,000 or more for a family of four who would pay slightly more than they do now. When Washington walks away, Connecticut Democrats step up to protect health care costs for thousands of residents. |
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