“These governors are on the ground and recognize the importance of the tax credits to the health and economy of their communities. At a time families are worried about inflation, raising health care costs would be devastating. Insurers are already filing their premium rates for next year, which means it is imperative Congress take swift action to ensure millions of people can continue to afford their health coverage.”

The letter urges congressional leadership to act now to prevent health premium increases for New Jerseyans.

“As governors, we are working to expand access to quality, affordable healthcare for the people of our states. Since the beginning of the pandemic, we have seen the tragic impact of disease and illness among the uninsured and underinsured, particularly in communities of color and other underserved populations. As we have experienced during the COVID-19 pandemic, access to affordable health insurance can sometimes mean the difference between life or death. At a time when governments at all levels are struggling to find ways to reduce costs for the American people, we cannot allow the looming specter of rising health costs to cause more uncertainty and stress for American families. Therefore, we urge you to take action and ensure funding is in place to preserve Affordable Care Act (ACA) subsidies known as advanced premium tax credits (APTCs).”

The letter closes with a plea to keep the tax credits in place so health care can remain affordable for New Jeseyans.

“Healthcare is a right—not a privilege. The ARP greatly improved health insurance affordability to ensure lifesaving healthcare is accessible to all Americans. We urge you to take action immediately to make the ARP expanded subsidies permanent to prevent a disastrous erosion of health insurance coverage.”

You can read the letter here and learn more about what is at stake if Congress fails to act here.