Senate to Vote on ACA Subsidy Extension Amid Rising Health Insurance Costs
The U.S. Senate is preparing to vote on a proposal to extend Affordable Care Act (ACA) subsidies for three years, a move that could impact the health insurance costs for 24 million Americans who use ACA marketplaces. The vote, scheduled for Thursday, is part of a Democratic effort to prevent significant increases in insurance premiums. Senate Minority Leader Chuck Schumer has emphasized the urgency of the vote, describing it as the GOP's 'last chance' to avoid skyrocketing premiums. However, the proposal faces opposition from Senate Republicans, who view the extension as unrealistic. Despite this, there is some support within the GOP for a temporary solution to address the rising costs of ACA premiums.