"Without the subsidies, premiums could more than double in cost on average, according to KFF, a health policy organisation. For some, like Nicole Sheaff, a mother of four in New Hampshire, her prices would quintuple. I'm terrified we won't be able to keep up with our mortgage. At the same time, going without health insurance is not an option. My husband has a chronic condition that he needs medication to manage, and he wouldn't be able to afford it without health coverage."
"The measure would have sent up to $1,500 to those making less than 700 percent of the federal poverty line, which would be $110,000 for a single person and $225,000 for a family of four. The payments are intended to help cover out-of-pocket costs for Bronze or Catastrophic plans on the healthcare marketplace to help meet the threshold they need to pay before their insurance kicks in."
Senators rejected competing measures to address rising insurance costs, including a Democrat-led proposal to extend COVID-era ACA subsidies for three years and a Republican plan to provide one-time payments up to $1,500 for households under 700 percent of the federal poverty line. The Democratic bill failed to reach the 60-vote threshold despite bipartisan support from four Republicans. Without subsidies, marketplace premiums could more than double on average, with some families facing quintuple increases. The Republican payments targeted out-of-pocket costs for Bronze and Catastrophic plans but included limitations that reduced Democratic support.
Read at www.aljazeera.com
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