US House Advances Republican Healthcare Bill Without ACA Subsidy Extension
The House has passed legislation that would not renew the expanded federal healthcare subsidy, potentially increasing costs for approximately 24 million Americans enrolled in the Affordable Care Act beginning January 1.
The US House of Representatives voted 216-211 to pass a Republican healthcare bill that does not extend the expanded federal subsidy for the Affordable Care Act. This decision could significantly increase healthcare costs for about 24 million Americans starting January 1.
Democrats strongly oppose the bill, arguing it will leave millions without affordable healthcare and result in higher deductibles and copays. The Republican bill aims to reduce premiums for some people while expanding access to association health plans for small businesses and self-employed individuals.
The Congressional Budget Office estimates the bill would decrease the number of insured people by an average of 100,000 annually and reduce federal deficits by $35.6 billion. The issue remains contentious, with potential for further action in January.
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