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Older Texans Face Steep ACA Price Hikes

Older Texans Face Steep ACA Price Hikes

About 1 million Texans over the age of 45 who receive health insurance coverage through the federal Affordable Care Act will likely face monthly premiums of more than $1,000, the Austin American-Statesman reported. That accounts for one-fourth of the state’s 4 million ACA enrollees.The Republican- led Congress has thus far refused to extend pandemic- era subsidies that reduced ACA premiums, a factor in the recent government shutdown. Part of the deal to reopen the government includes a promise to hold a vote on the issue in December, but it appears unlikely to pass.Texas insurers have raised ACA premiums by an average of 35%, but the hikes have been even higher for older enrollees.“So price impacts tend to hit older folks the hardest,” said Laura Dague, who is the James M. Griffin professor of health policy at Texas A&M University. That is because insurance companies consider them higher risk, she added.

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