The US Senate has rejected a bill to extend Affordable Care Act tax credits, leaving millions of Americans facing steep increases in health care costs starting January 1. The decision marks the end of a monthslong effort by Democrats to prevent subsidies from expiring. Senate Democrats had hoped for bipartisan support, but Republicans refused to budge on their opposition to extending tax credits. Instead, they proposed health savings accounts that would not be enough to cover rising costs. With no consensus in sight, the House is expected to take up the issue next week.
Source: https://apnews.com/article/health-care-vote-affordable-care-act-obamacare-6ffc1ea9f878c6b3da995589ef8a012c