Obamacare Premium Hikes Loom as Subsidy Cuts Threaten Coverage for Millions

Obamacare participants in several states, including California, New York, and Maryland, are starting to see projected 2026 insurance premiums — many without the enhanced federal subsidies that previously helped lower costs.

As examples, some families and older couples could face annual increases ranging from $15,500 to $23,700.

The pricing shock hasn't yet hit the 28 states using Healthcare.gov, but experts anticipate steep enrollment drops once prices are published, with the Congressional Budget Office estimating 2 million people may lose coverage next year due to unaffordability.

The debate over extending subsidies is at the center of the ongoing government shutdown. Health officials warn the chance to prevent widespread disruptions has likely passed, with open enrollment starting November 1.

The broader issue highlights a growing crisis: without subsidies, health insurance is unaffordable for nearly all Americans, raising tough policy questions about whether to increase subsidies again or tackle systemic reforms to reduce costs.