Summary
Millions of Americans might see their health insurance premiums rise significantly if the current subsidies under the Affordable Care Act (ACA) expire. The House passed a Republican health care plan to replace current ACA subsidies with different policies, but it is uncertain if the Senate will approve it. If the subsidies expire, premiums could increase by 75%, affecting many people's ability to afford coverage.
Key Facts
- House Republicans passed a bill offering an alternative to ACA subsidies.
- The bill proposes to extend association health plans and fund cost-sharing reductions.
- If subsidies expire, ACA premiums may increase by around 75%.
- The Congressional Budget Office (CBO) predicts 4 million Americans could lose coverage.
- The bill passed the House by a narrow vote of 216-211.
- The Senate's approval of the bill is uncertain.
- Representative Thomas Massie was the only Republican to vote against the bill.
- House Speaker Mike Johnson promised a vote on the subsidies in early January.
