Press Releases

LOWELL, MA – Today, Congresswoman Lori Trahan (MA-03), a member of the Regional Leadership Council, highlighted the implementation of the Investing in America agenda and how landmark legislation passed over the past two years are lowering health care costs for Massachusetts families.

“Working with President Biden, Democrats in Congress passed key pieces of legislation to finally Invest in America by lowering costs for families, including the price of health care premiums for folks across the Third District,” said Congresswoman Trahan. “For too long, health care costs have been a tremendous burden on working families, something I experienced firsthand when my dad was diagnosed with MS. That’s why I supported bills like the American Rescue Plan and the Inflation Reduction Act to finally put quality health care within reach of millions of families. Right here in the Third District, Medicare beneficiaries are saving an average of $1,030 in premiums each year compared to 2020, and even more savings are on the way. This significant reduction in health care costs is bringing much needed financial relief to thousands in the Bay State.”

Trahan supported passage of the American Rescue Plan and the Inflation Reduction Act to better support families in need of health coverage purchase insurance on the marketplaces originally established by the Affordable Care Act (ACA). These enhanced subsidies have already provided significant benefits in the Third District. In 2023, an estimated 25,000 people in the district enrolled in ACA marketplace health insurance coverage.

As a result of the IRA, the average enrollee will save $1,030 in premiums this year. Individuals with ACA marketplace health insurance coverage in the district will pay on average $2,530 in premiums this year. Without the enhanced subsidies provided through the IRA, the average premium would have increased to $3,560, an increase of 41%.

The savings for families in the Third District purchasing a benchmark silver plan will be significantly larger in many instances. For example:

• A 60-year-old couple with a household income of $80,000 will save $11,150 in premiums this year, avoiding a 198% increase in premiums. 
• A family with a 35-year-old single parent with one child, and a household income of $30,000 will save $1,272 in premiums this year, avoiding a 757% increase in premiums.
• A family with two 40-year-old adults, two children, and a household income of $75,000 will save $3,096 in premiums this year, avoiding a 198% increase in premiums.

###