U.S. Representative Young Kim (CA-40) has joined a bipartisan group of lawmakers to introduce the Bipartisan Premium Tax Credit Extension Act. The bill, led by Representatives Jen Kiggans (VA-02) and Tom Suozzi (NY-03), aims to prevent significant increases in health care premiums for families, seniors, and small business owners.
The enhanced Premium Tax Credit was originally established under the Affordable Care Act and expanded during the COVID-19 pandemic through the American Rescue Plan Act. It was later extended via the Inflation Reduction Act but is set to expire at the end of this year.
“Many in our community rely on healthcare premium tax credits to care for their loved ones and keep insurance affordable,” said Rep. Young Kim. “The Premium Tax Credits Extension Act is critical to ensuring that working-class Californians and the most vulnerable in our community can access essential healthcare coverage as Congress works towards a responsible, long-term solution. I am proud to partner with Congresswoman Kiggans on this timely bipartisan bill.”
Rep. Jen Kiggans also commented on the importance of affordable health care: “As a nurse practitioner, military spouse, and Mom, I understand firsthand how critical affordable health care is for working families. In Congress, I’ve made it my mission to ensure Virginians—especially our seniors, small business owners, and middle-class families—aren’t blindsided by skyrocketing costs they can’t afford. While the enhanced premium tax credit created during the pandemic was meant to be temporary, we should not let it expire without a plan in place. My legislation will protect hardworking Virginians from facing health insurance bills they can’t afford, thus losing much-needed access to care.”
Other co-sponsors of the bill include Brian Fitzpatrick (PA-01), Jared Golden (ME-02), Jeff Hurd (CO-03), Rob Bresnahan (PA-08), David Valadao (CA-22), Carlos Gimenez (FL-28), Tom Kean (NJ-07), Juan Ciscomani (AZ-06), Mike Lawler (NY-17), Don Davis (NC-01), and Marie Gluesenkamp Perez (WA-03).
Young Kim has represented California’s 40th district in Congress since 2021 after succeeding Gil Cisneros. She previously served in the California State Assembly from 2014 to 2016 and resides in La Habra. Born in Incheon, South Korea in 1962, she graduated from the University of Southern California with a BBA in 1985.
More information about the bill is available online.
