Senate Republicans are set to vote on a health care bill, crafted by two committee chairs, as the ACA's funding is slated to expire. The Senate Finance Chair Mike Crapo and HELP Chair Bill Cassidy have written the bill, which would extend the enhanced tax credits that keep premiums low. However, Democrats see it as inadequate and call it "junk insurance."
The proposed bill increases health savings accounts (HSAs) contributions, allowing those up to 700% of the poverty level to buy cheaper, less comprehensive plans. However, critics claim that will disproportionately benefit healthier individuals while increasing costs for sicker people.
Senate Minority Leader Chuck Schumer stated that his party's alternative bill keeps premiums down and would raise costs for those who need healthcare. Senate Republicans are scrambling to pass a plan before ACA funds expire next month, which will double average premium increases for 20 million Americans using the subsidies.
The proposed bill increases health savings accounts (HSAs) contributions, allowing those up to 700% of the poverty level to buy cheaper, less comprehensive plans. However, critics claim that will disproportionately benefit healthier individuals while increasing costs for sicker people.
Senate Minority Leader Chuck Schumer stated that his party's alternative bill keeps premiums down and would raise costs for those who need healthcare. Senate Republicans are scrambling to pass a plan before ACA funds expire next month, which will double average premium increases for 20 million Americans using the subsidies.