Rep. Hurd Co-Sponsors Legislation to Prevent Soaring Health Care Premiums for Thousands of Coloradans

Washington, D.C. - This week, Rep. Jeff Hurd (CO-03) co-sponsored the Bipartisan Premium Tax Credit Extension Act, a bill to protect Colorado families, seniors, and small business owners from massive health care premium increases.

Under current law, the enhanced Premium Tax Credit-established by the Affordable Care Act (ACA), expanded during COVID under the American Rescue Plan Act(ARPA), and later extended through the Inflation Reduction Act (IRA)-is set to expire at the end of this year. The COVID pandemic is over and these tax credits should end, but there must be a reasonable approach so hardworking families can continue to afford healthcare.

"Families in Colorado shouldn't be faced with higher health care costs because Washington failed to act," said Rep. Hurd. "Extending the Premium Tax Credit for another year gives Colorado families real stability while we work towards a permanent solution. I will continue to fight for common sense policies that make health care more affordable and reliable."

Because of this income-based premium tax credit, a record 24.2 million people signed up for coverage during open enrollment in 2025. In fact, middle-income enrollees increased from 140,000 in 2021 to 900,000 in 2024.

With the Enhanced Premium Tax Credit set to expire at the end of 2025, individuals in Colorado's 3rd Congressional District would face an average premium increase of 82%, placing a significant burden on working families across our rural district. Without the extension, millions of self-employed workers and small business owners would see their premiums increase by more than $11,000 a year.

Read the bill here.

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