The resolution urges the United States Congress to extend enhanced tax credits for health insurance premiums under the Affordable Care Act, emphasizing the importance of affordable health care for all residents of Alaska. It highlights the significant reduction in the number of uninsured individuals due to these tax credits, which have enabled many families, self-employed individuals, and small business owners to access necessary medical care. The resolution expresses concern that the expiration of these enhanced tax credits will lead to a dramatic increase in health insurance premiums, making it unaffordable for many residents and forcing them to choose between health care and other essential needs.
Furthermore, the resolution outlines the potential negative consequences of not extending the tax credits, including increased reliance on state-funded assistance programs, destabilization of the health insurance marketplace, and adverse effects on the state's economy. It calls on Congress to act swiftly to extend these tax credits beyond 2025 and urges Alaska's congressional delegation to prioritize the health and economic stability of the state's residents by ensuring continued access to affordable health care. Copies of the resolution will be sent to key federal officials, including the President and Alaska's congressional representatives.