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Loss of tax credits drive Covered California insurance premiums higher for middle-income Valley residents

New enrollments in Covered California, the state’s health insurance marketplace under the Affordable Care Act, are down by nearly one third over the past year across the San Joaquin Valley following the expiration of enhanced tax credits that helped subsidize the cost of coverage for buyers. Cancellation of coverage by people who were previously enrolled, particularly middle-income individuals and households who benefited from the expanded COVID-era subsidies, are also up as people encounter higher…