Summary
The House of Representatives passed a Republican-led health care bill that does not continue the current financial aid from the Affordable Care Act (ACA). This bill might cause health insurance premiums to rise for about 20 million people when the current aid ends on January 1. The Senate is not likely to act on this bill soon.
Key Facts
- The House passed the GOP health bill with a 216-211 vote.
- The bill does not renew the ACA subsidies, which may lead to higher premiums for approximately 20 million people.
- The plan includes measures intended to lower health care costs, like expanding association health plans for small businesses.
- The bill requires more transparency from pharmacy benefit managers and funds ACA cost-sharing reductions.
- The Senate is not expected to take up this exact bill.
- A group of moderates wanted to extend the subsidies for at least a year, but their proposal was not accepted by House leaders.
- The Congressional Budget Office says the GOP bill could increase the number of uninsured people by 100,000 and save $35.6 billion over ten years.
- Some GOP leaders believe extending ACA subsidies is wasteful, while moderates worry about political consequences from rising premiums.
