What Happens if Obamacare Subsidies Expire?

Consumers are facing greater costs for their 2026 A.C.A. health coverage as Congress continues to debate whether to extend subsidies that help people afford their premiums. Margot Sanger-Katz, a health care policy reporter for The New York Times, explains why.

By Margot Sanger-Katz, Laura Bult, Claire Hogan, Zach Wood and Stephanie Swart

October 22, 2025