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Senate rejects plans to address sharp rise in health care premiums

Senate rejects plans to address sharp rise in health care premiums

Summary

The U.S. Senate did not pass two health care bills. As a result, tax credits under the Affordable Care Act (ACA) are likely to end soon, affecting many Americans.

Key Facts

  • The Senate voted on two different health care bills but did not approve either.
  • The failure to pass these bills means ACA tax credits may expire by the end of the year.
  • These tax credits help make health insurance more affordable for many Americans.
  • Without the credits, millions might face higher health insurance costs.
  • Lawmakers are going on a recess without reaching an agreement on the issue.

Source Information