Senate to vote on dual bills on looming expiration of Obamacare tax credits

Senate to vote on dual bills on looming expiration of Obamacare tax credits

Curated from US news | The Guardian — Here’s what matters right now:

Republicans to oppose Democratic proposal that would extend subsidies until 2028 for about 21.8 million enrollees The US Senate will vote Thursday on competing bills to address the imminent expiration of subsidies for Affordable Care Act health insurance plans, but neither measure is expected to pass, greatly increasing the chances that healthcare costs will soon rise to unaffordable levels for many Americans. The votes, part of a deal brokered between Republican majority leader John Thune and the Democratic senators who agreed to reopen the government after a historically long shutdown last month, come as premium tax credits for an estimated 21.8 million enrollees of the plans are set to expire at the end of the month. Health policy research group KFF estimates that annual premiums will more than double if the subsidies are allowed to expire. Continue reading...

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Original reporting: US news | The Guardian

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