The American Rescue Plan Act has led to record-high marketplace enrollment and significant savings for millions of consumers. But the law’s enhanced marketplace subsidies are set to lapse at the end of the year. Congress is considering whether to extend the subsidies, but the clock is ticking. Though open enrollment does not begin until November 1, insurers, regulators, and marketplace officials are already preparing for 2023.

In a new post for the Commonwealth Fund’s To the Point blog, Katie Keith explains why there is urgency for Congress to extend these enhanced marketplace subsidies sooner rather than later. If Congress does not act by August, changes will be more challenging to implement and could lead to disruption and consumer confusion. If Congress does not act at all, millions of consumers will face premium shock this fall, just ahead of the midterm elections and at a time of record-high inflation. You can read the full post here.