Senate Faces Crucial Vote on ACA Subsidies as Deadline Looms for Millions
The U.S. Senate is preparing to vote on a proposal to extend Affordable Care Act (ACA) subsidies for three years, a decision that could significantly impact the cost of health insurance for millions of Americans. Currently, 24 million people rely on ACA marketplaces for their health insurance, and they must select a plan by December 15. The proposed extension aims to maintain current subsidy levels, preventing a sharp increase in premiums. Senate Minority Leader Chuck Schumer has emphasized the urgency of the vote, labeling it the GOP's 'last chance' to avert rising premiums. However, the proposal faces opposition from Senate Republicans, who view the extension as unrealistic. President Trump has remained largely uninvolved, though he has criticized the ACA and suggested alternative measures such as health savings accounts.