U.S. Rep. Jeff Hurd, a Republican from Grand Junction, aims to help residents facing rising health insurance costs. He’s co-sponsoring a bill known as the Bipartisan Premium Tax Credit Expansion Act, which has both Republican and some Democratic support. The legislation seeks to extend increased health insurance subsidies for another year, which are set to expire at the end of 2025.
These subsidies, known as the enhanced premium tax credit, significantly lower costs for individuals buying insurance through the Affordable Care Act (ACA). In Colorado, this is done via Connect for Health Colorado, with about 300,000 enrollees currently.
Without the subsidies, health insurance rates could rise dramatically. The Colorado Division of Insurance reports that average rates could jump by 28% statewide, and 38% in areas like the Western Slope. This situation will particularly impact those with incomes above 400% of the federal poverty line, which is approximately $62,600 annually for an individual and $128,600 for a family of four. Families in this income bracket could see a staggering increase of $25,000 in premiums in 2026.
Hurd’s office has indicated that many families in his district could experience an average rate hike of 82% if the subsidies end. This translates to an additional $11,000 in annual costs. Hurd stated, “Families in Colorado shouldn’t face higher health care costs due to inaction from Washington.”
The extended subsidies were originally part of the COVID-19 response under the Biden administration and later extended through the Inflation Reduction Act. While Hurd believes there should be a reasonable end to these credits, he acknowledges the urgent need for support so families can afford health care.
Colorado lawmakers, both Republican and Democrat, are pressuring Congress to prevent a subsidy cliff. State Rep. Rick Taggart noted that the end of these subsidies would be “very detrimental” to families.
Public sentiment on social media is one of concern and frustration. Many Coloradans worry about the impact these potential rate hikes will have on their budgets. Organizations like the Colorado Consumer Health Initiative are urging Congress to act swiftly, as open enrollment for 2026 plans begins on November 1. Adam Fox, the organization’s deputy director, emphasizes that timing is crucial for health insurers to adjust rates based on any new legislation.
While Hurd’s bill does not alter the current tax credits, it remains unclear if Congress will consider making these subsidies permanent. Recent data from the Kaiser Family Foundation indicates that the ACA saw record enrollment, partly due to the enhanced tax credits. Ensuring continued access to affordable health care is becoming increasingly critical as families navigate these looming challenges.
