Florida Faces 34% Obamacare Rate Hike as Tax Credits Set to Expire

Florida's 4.7 million Affordable Care Act marketplace enrollees face an average 34% insurance rate increase in 2025 as premium tax credits are scheduled to expire at year's end. According to data presented by the Office of Insurance Regulation to a state House panel, approximately 2.2 million Floridians may lose coverage due to affordability concerns. The state leads the nation in ACA enrollment, with open enrollment for these higher-priced plans beginning November 1.