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Senate Votes Down ACA Subsidies, Healthcare Costs May Rise
Senate Fails to Extend ACA Tax Credits, Potentially Hiking Healthcare Costs for MillionsThe Senate recently voted down a proposal to extend Affordable Care Act (ACA) tax credits, impacting an estimated 22 million Americans. The Democratic bill aimed to extend current COVID-era subsidies for three years, while the Republican alternative suggested replacing them with new health savings accounts. The Democratic legislation failed, with a vote of 51-48, requiring 60 votes to advance. Senator Jon Ossoff called the outcome a national tragedy, emphasizing that many could face significant increases in healthcare premiums starting in the new year without further action.
DNN | The Daily News Now!
The world’s first global local news network.
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By The Daily News Now!Senate Fails to Extend ACA Tax Credits, Potentially Hiking Healthcare Costs for MillionsThe Senate recently voted down a proposal to extend Affordable Care Act (ACA) tax credits, impacting an estimated 22 million Americans. The Democratic bill aimed to extend current COVID-era subsidies for three years, while the Republican alternative suggested replacing them with new health savings accounts. The Democratic legislation failed, with a vote of 51-48, requiring 60 votes to advance. Senator Jon Ossoff called the outcome a national tragedy, emphasizing that many could face significant increases in healthcare premiums starting in the new year without further action.
DNN | The Daily News Now!
The world’s first global local news network.
Every city. Every story. AI powered.
Hosted on Acast. See acast.com/privacy for more information.