U.S. Senator Schumer says New Yorkers are beginning to receive letters informing them of new ‘skyrocketing’ healthcare premiums

WASHINGTON, D.C.- U.S. Senator Charles Schumer (D-NY) is announcing his strategy to preserve what he calls ‘vital’ healthcare tax premiums from the Affordable Care Act from expiring.

“New Yorkers can’t afford to be forced to pay thousands more each year on healthcare. Letters are being sent out now with eye popping new health insurance rates up nearly 40% a month, and some are losing their healthcare entirely,” Schumer claimed.

If these ACA tax credits are done away with completely, Senator Schumer’s office claims that a couple living in the Mohawk Valley or North Country regions would see an average annual increase between 45 and 50%.

Just this week, Governor Hochul joined 18 other states in signing a letter urging congressional leaders to pass an extension for these tax credits.

If Congress fails to re-extend these tax credits, Schumer’s office says 80,000 New Yorkers will lose healthcare coverage.

Meanwhile, the Whitehouse has maintained their stance that there will be no cuts to Medicaid, but rather efforts to eliminate what the President calls waste, fraud and abuse.

A Whitehouse fact sheet claims that the Big, Beautiful Bill Act removes illegal aliens from health insurance, while enforcing work requirements and protecting Medicaid for who they refer to as the truly vulnerable.

Schumer revealed his new plan to keep the government funded and extend premium tax credits indefinitely, protecting New Yorkers from skyrocketing healthcare costs, while reversing the GOP’s deep Medicaid cuts that have already caused hospitals across America to shut down while triggering layoffs across New York State.

Again, according to a Whitehouse fact sheet, the Big, Beautiful Bill Act expands rural hospital protection, providing targeted funds for rural care, and giving states flexibility to support local providers.

U.S. Senator Charles Schumer image.