US EditionLIVE NOW: Senate Committee Holds Hearing on Rising Health Care Costs and Solutions for Americans
Republicans say ACA tax credits increase premiums while Democrats and experts push for a one-year extension to allow time for broader health care reforms.
- On Wednesday, the Senate Finance Committee in Washington began a hearing where senators debated extending ACA tax credits and reform efforts, with Chairman Mike Crapo calling it 'the first step' toward reform.
- Amid partisan sparring, Republican senators argued the ACA raised premiums and opposed extending enhanced tax credits, while Senate Democratic leader Sen. Ron Wyden urged a one-year extension.
- Experts suggested options from directing aid into health savings accounts via a One Big Beautiful Bill provision to clean extensions and flagged medical loss ratio and essential health benefits as cost drivers.
- Marketplaces have already prepared for an extension as enhanced tax credits are set to expire at the end of the year, creating urgency Sen. Ron Wyden said complicates congressional action.
- Chairman Mike Crapo, Senate Finance Committee, warned lawmakers need short-term fixes and long-term solutions, cautioning against 'throwing good money after bad policy,' while Douglas Holtz‑Eakin urged rationalizing subsidies and addressing Medicare.
27 Articles
27 Articles
Spiraling health insurance costs stymie members of US Senate panel
The U.S. Capitol building in Washington, D.C., amid fog on Tuesday, Dec. 10, 2024. (Photo by Jennifer Shutt/States Newsroom)WASHINGTON — U.S. senators began debating how to reduce health care costs for Americans during a hearing Wednesday, where experts’ varied recommendations and comments from lawmakers previewed the rocky and potentially long path ahead. Republicans on the Finance Committee argued the Affordable Care Act, or Obamacare, has le…
Spiraling health insurance costs stymie members of US Senate panel
The U.S. Capitol building in Washington, D.C., amid fog on Tuesday, Dec. 10, 2024. (Photo by Jennifer Shutt/States Newsroom)WASHINGTON — U.S. senators began debating how to reduce health care costs for Americans during a hearing Wednesday, where experts’ varied recommendations and comments from lawmakers previewed the rocky and potentially long path ahead. Republicans on the Finance Committee argued the Affordable Care Act, or Obamacare, has le…
Spiraling health insurance costs stymie members of US Senate panel
The U.S. Capitol building in Washington, D.C., amid fog on Tuesday, Dec. 10, 2024. (Photo by Jennifer Shutt/States Newsroom)WASHINGTON — U.S. senators began debating how to reduce health care costs for Americans during a hearing Wednesday, where experts’ varied recommendations and comments from lawmakers previewed the rocky and potentially long path ahead. Republicans on the Finance Committee argued the Affordable Care Act, or Obamacare, has le…
Spiraling health insurance costs stymie members of US Senate panel
The U.S. Capitol building in Washington, D.C., amid fog on Tuesday, Dec. 10, 2024. (Photo by Jennifer Shutt/States Newsroom)WASHINGTON — U.S. senators began debating how to reduce health care costs for Americans during a hearing Wednesday, where experts’ varied recommendations and comments from lawmakers previewed the rocky and potentially long path ahead. Republicans on the Finance Committee argued the Affordable Care Act, or Obamacare, has le…
Spiraling health insurance costs stymie members of US Senate panel
The U.S. Capitol building in Washington, D.C., amid fog on Tuesday, Dec. 10, 2024. (Photo by Jennifer Shutt/States Newsroom)WASHINGTON — U.S. senators began debating how to reduce health care costs for Americans during a hearing Wednesday, where experts’ varied recommendations and comments from lawmakers previewed the rocky and potentially long path ahead. Republicans on the Finance Committee argued the Affordable Care Act, or Obamacare, has le…
Spiraling health insurance costs stymie members of US Senate panel
The U.S. Capitol building in Washington, D.C., amid fog on Tuesday, Dec. 10, 2024. (Photo by Jennifer Shutt/States Newsroom)WASHINGTON — U.S. senators began debating how to reduce health care costs for Americans during a hearing Wednesday, where experts’ varied recommendations and comments from lawmakers previewed the rocky and potentially long path ahead. Republicans on the Finance Committee argued the Affordable Care Act, or Obamacare, has le…
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