Competing health care plans fail in Senate
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The Republican plan would have replaced the Affordable Care Act (or Obamacare) subsidies with new savings accounts, while Democrats wanted to extend the enhanced ACA tax credits for three years without changes. Both lacked the bipartisan support needed to pass, and both sides blamed each other for failing to find common ground.
With the deadline to address expiring ACA tax credits fast approaching, GOP's John Thune announced that two competing health care plans will get a vote later this week.
Private health insurance premiums will be going up in 2026 — in some cases, by a lot. Congressional Democrats and Republicans remain deadlocked on health care reform, following disagreements over America’s health insurance marketplace that contributed to November’s government shutdown.
Short-term insurance plans are typically cheaper than ACA coverage, costing about half as much as a plan sold on state-run marketplaces created by Obamacare. As The Washington Post notes, a 40-year-old nonsmoker in Florida can secure ACA coverage for about $500 a month, while a short-term plan would cost said person about $320.
The Republican-controlled U.S. Congress is poised to allow tax credits to lapse for 24 million Americans this month, as a December 31 deadline approaches with no sign of a healthcare compromise before the Senate votes on Thursday on dueling proposals that lack enough support to pass.
The Senate on Thursday rejected two partisan health bills on expiring Affordable Care Act subsidies, essentially guaranteeing that millions of Americans will see a steep rise in costs at the beginning of the year.
Senate Republicans want to give Americans up to $1,500 to cover health expenses rather than extending enhanced Affordable Care Act subsidies