Expanded Coverage and Savings: Effects in Massachusetts of Extending the American Rescue Plan Act's Enhanced Marketplace Subsidies

Summary:

In this report, we evaluate the coverage and cost effects of extending the American Rescue Plan's enhanced premium subsidies in Massachusetts in 2023. We find that the subsidies would have the following effects:

• 8,000 additional people would gain coverage.
• The state government would save $133 million.
• Average spending on premiums would fall by $199 for the year among those enrolled in subsidized coverage through the Health Connector.

ARPA-Related Publication Links:

• Main Report: What If the American Rescue Plan Act Premium Tax Credits Expire? Coverage and Cost Projections for 2023
• Blog Post: Allowing the American Rescue Plan Premium Tax Credits to Expire Would Reverse Recent Progress in Reducing the Rate of Uninsured Americans
• Women's Coverage Losses: Women's Coverage Losses in 2023 If the American Rescue Plan Act's Premium Tax Credits Expire
• Effects in Massachusetts (this one): Expanded Coverage and Savings: Effects in Massachusetts of Extending the American Rescue Plan Act's Enhanced Marketplace Subsidies