ACA Subsidies are Set to Expire

ACA subsidies are set to expire at the end of this year. Last Thursday, the Senate rejected two competing bills—a Republican proposal to replace tax credits with health savings accounts and a Democratic bill to extend enhanced subsidies. The impasse leaves no immediate path forward as premiums are projected to double for roughly 24 million Americans. Yesterday, four moderate House Republicans joined with Democrats to force a vote next year on extending enhanced tax credits. The measure is expected to receive a floor vote after Congress reconvenes in January, with the outcome likely to determine healthcare premium costs for millions.