Schumer To Force Senate GOP To Vote On Three-Year Extension Of Health Insurance Subsidies

Senate Democratic Leader Chuck Schumer (N.Y.) announced Thursday that Democrats will force Republican senators to vote next week on a three-year extension of enhanced health insurance premium subsidies that are due to expire in January.

Senate Majority Leader John Thune (R-S.D.) controls the Senate floor schedule but promised to let Democrats have a vote on a proposal to extend the health insurance subsidies as part of a deal with centrist Democrats to reopen the federal government after a 43-day shutdown.

Schumer kept his plan close to the vest earlier in the week but said Thursday he expects every Democrat to vote for a straightforward three-year extension of the subsidies, which are provided through the Affordable Care Act (ACA).

“Senate Democrats will introduce legislation for a clean, three-year extension of the current ACA tax credits. This is the bill, a clean three-year extension of ACA tax credits that Democrats will bring to the floor of the Senate for a vote next Thursday, and every single Democrat will support it,” Schumer announced on the floor.

He said the vote will put pressure on Senate Republicans to vote to extend the subsidies in the absence of an alternative GOP proposal to address rising health care premiums.

“Republicans have one week to decide where they stand. Vote for this bill and bring health care costs down or block this bill and send premiums skyrocketing. That’s what’s at stake when we vote next week,” he said. “It’s going to be one of the most important votes we take.”

Senate Health, Education, Labor and Pensions Committee Chair Bill Cassidy (R-La.) has circulated a proposal to convert the enhanced premium subsidies under ObamaCare into federal contributions to health savings accounts that could be used to pay out-of-pocket health care costs.

Republican senators, however, say they haven’t seen the text of Cassidy’s bill yet and predict it won’t be ready for a vote on the floor next week.

Sen. Rick Scott (R-Fla.) has proposed using money that has funded the enhanced ACA subsidies to set up Trump Health Freedom Accounts that could be used to pay health insurance premiums for plans outside ObamaCare’s insurance marketplace.

 

Source Link

Recommended Articles

Trump Says He May Veto Extension of Health Care Subsidies

President Donald Trump said Sunday he may veto a bill to extend Obamacare subsidies if Congress sent one to his desk. Trump’s remark to reporters on Air Force Once comes after nine swing-district House Republicans joined Democrats Wednesday in advancing legislation to revive expired Affordable Care Act subsidies for three years. The Senate has yet to vote ...

Read More

Trump’s Plan To Strong-Arm Insurers Into Lower Prices Is Met With Skepticism

There are reasons to be skeptical that voluntary cuts by insurance companies could bring significant, lasting health care savings for Americans.

Read More

AbbVie To Cut Drug Prices, Pledges $100 Billion For Research

AbbVie (ABBV.N), opens new tab said on Monday that it has struck a three-year deal with U.S. President Donald Trump’s administration to reduce drug prices, and has pledged $100 billion over the next decade for research and development in the country. The drugmaker said the investment will include manufacturing and will expand direct-to-patient offerings through TrumpRx for ...

Read More

Dems Make Health Deal Offer With ACA Subsidies

Democrats sent Republicans a proposal over the weekend to renew enhanced Affordable Care Act subsidies for three years, paired with extensions of other expiring health programs, sources said. Why it matters: Sunday’s offer shows there’s increasing bipartisan sentiment to address long-stalled priorities like overhauling pharmacy benefit manager business practices — even if prospects for the ACA subsidies ...

Read More
arrowcaret-downclosefacebook-squarehamburgerinstagram-squarelinkedin-squarepauseplaytwitter-squareyoutube-square