Affordable Care Act

US Senate rejects extension of health care subsidies as costs set to rise

The Senate on Thursday rejected legislation to extend Affordable Care Act tax credits, essentially guaranteeing that millions of Americans will see a steep rise in costs at the beginning of the year. Senators rejected a Democratic bill to extend the subsidies for three years and a Republican alternative that would have created new health savings accounts an unceremonious end to a monthslong effort by Democrats to prevent the COVID-19-era subsidies from expiring on January 1. Ahead of the votes, Senate Democratic Leader Chuck Schumer of New York warned Republicans that if they did not vote to extend the tax credits, "there won't be another chance to act, before premiums rise for many people who buy insurance off the ACA marketplaces. Let's avert a disaster, Schumer said. The American people are watching. Republicans have argued that Affordable Care Act plans are too expensive and need to be overhauled. The health savings accounts in the GOP bill would give money directly to consume

US Senate set to reject extension of health care subsidies as costs rise

The Senate is poised on Thursday to reject legislation to extend Affordable Care Act tax credits for millions of Americans, a potentially unceremonious end to a monthslong Democratic effort to prevent the COVID-era subsidies from expiring on January 1. Despite a bipartisan desire to continue the credits, Republicans and Democrats have never engaged in meaningful or high-level negotiations on a solution. Instead, the Senate is expected to vote on two partisan bills and defeat them both essentially guaranteeing that many who buy their health insurance on the ACA marketplaces see a steep rise in costs at the beginning of the year. It's too complicated and too difficult to get done in the limited time that we have left, said Senator Thom Tillis of North Carolina, who has unsuccessfully pushed his Republican colleagues to extend the tax credits for a short time so they can find agreement on the issue next year. Neither side has seemed interested in compromise. Democrats who forced a ..

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