GOP leaders abandon ACA funding vote, premiums expected to rise
It’s official: House Speaker Mike Johnson says he won’t call a vote to extend enhanced subsidies under the Affordable Care Act, effectively guaranteeing they will expire at the end of this month.
That means higher insurance premiums will go into effect for millions of Americans who get coverage through Obamacare next year.
The speaker made the announcement Tuesday after a closed-door Republican caucus meeting, saying that leadership failed to reach a deal with centrist members to bring up an ACA amendment on a health care bill set for a vote on Wednesday.
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