Senate rejects dueling health care bills as Obamacare deadline nears
Failure to extend enhanced Affordable Care Act subsidies will increase premiums by over 100% for millions of enrollees, according to the Kaiser Family Foundation.
- The Senate rejected legislation to extend Affordable Care Act tax credits, causing costs to rise for millions of Americans at the year's start.
- Senate Democratic Leader Chuck Schumer warned Republicans that there would not be another opportunity to extend tax credits before premium increases.
- Republicans argued that Affordable Care Act plans are too costly and in need of reform.
- This vote marks another setback in the ongoing debate over the Affordable Care Act, which was enacted in 2010 by Democrats.
255 Articles
255 Articles
Obamacare health subsidy to end as US Senate rejects dueling remedies
WASHINGTON — The U.S. Senate on Thursday rejected competing proposals by Republicans and Democrats to address a looming healthcare crisis, leaving some 24 million Americans vulnerable to significantly higher insurance premiums beginning on Jan. 1 when a federal subsidy expires. Barring any late breakthroughs, Congress will begin an end-of-year holiday recess sometime next week and not return until Jan. 5, after new premiums are locked in for tho…
Congress gridlocked as Affordable Care Act subsides set to expire, driving up health care costs
Several bipartisan bills in the House aim to prevent those circumstances, including a proposal from Rep. Sam Liccardo, D-San Jose, and Rep. Kevin Kiley, R-Rocklin, to extend ACA tax credits for two more years without increasing the deficit.
Obamacare health subsidy to end as U.S. Senate rejects dueling remedies
The U.S. Senate on Thursday rejected competing proposals by Republicans and Democrats to address a looming healthcare crisis, leaving some 24 million Americans vulnerable to significantly higher insurance premiums beginning on January 1 when a federal subsidy expires.
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