"The US Senate on Thursday rejected competing proposals to address the imminent expiration of subsidies for Affordable Care Act health insurance plans, greatly increasing the chances that healthcare costs will soon rise to unaffordable levels for millions of Americans. The votes, part of a deal brokered between Republican majority leader John Thune and the Democratic senators who agreed to reopen the government"
"Health policy research group KFF estimates that annual premiums will more than double if the subsidies are allowed to expire. A Democratic-backed bill to extend them for three years failed to clear the Senate's 60-vote threshold to advance, with 51 votes in favor and 48 against. Four Republicans Josh Hawley of Missouri, Susan Collins of Maine and Lisa Murkowski and Dan Sullivan of Alaska supported it, along with all Democrats."
Senators rejected competing measures to address imminent expiration of Affordable Care Act premium tax credits for an estimated 21.8 million enrollees at month-end. KFF projects annual premiums would more than double if subsidies lapse. A Democratic bill to extend subsidies three years failed to reach the 60-vote threshold, receiving 51 votes in favor and 48 against, with four Republicans joining Democrats and one senator absent. A Republican plan to provide payments into health savings accounts instead of tax credits was also defeated, with most Republicans supporting it and one GOP senator opposing. Party leaders exchanged accusations ahead of the vote.
Read at www.theguardian.com
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