Expiration of COVID-era tax credits could spike health insurance costs by more than double for lower-income Valley residents

ALMOST 185,000 LOWER-INCOME San Joaquin Valley residents – and nearly 2 million statewide – who purchase health insurance through Covered California will see their monthly premiums skyrocket in January after Congress failed to reach agreement on extending “enhanced tax credits” that subsidize a large share of the cost.

The result is that thousands of families likely won’t be able to afford health coverage and will join the ranks of the uninsured, said Jessica Altman, Covered California’s executive director.