CEO of UnitedHealth Group said his company will return profits earned from Affordable Care Act plans to customers
Executives from five of the country’s largest health insurance companies appeared before Congress on Thursday as lawmakers examined why healthcare has become increasingly harder for Americans to afford.
In one effort to address the affordability crisis, the CEO of UnitedHealth Group, Stephen Hemsley, announced that the nation’s largest insurance company will rebate profits made this year from its Affordable Care Act (ACA) plans to customers, while adding it was a relatively small participant in the ACA individual market.
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US Congress
US House breaks with Trump to revive Affordable Care Act subsidies
Seventeen Republicans join Democrats to pass a three-year extension of tax credits cutting ACA premiums
The US House of Representatives on Thursday passed legislation to re-establish tax credits that lowered premiums for Affordable Care Act (ACA) health plans, after a small group of Republicans broke ranks and joined with Democrats to defy Donald Trump on a key healthcare issue that could sway voters ahead of the November midterm elections.
The chamber voted 230-196 to approve a bill that would extend for three years the credits, which were first created under Joe Biden but expired at the end of last year despite a concerted effort by the Democratic minority to continue them.
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US military says it carried out lethal strike on vessel in Pacific, killing four, as Trump addresses country – live
Pete Hegseth says no US military harmed as US Southern Command says it hit three vessels in international waters
Four Republicans join Democrats to force vote on bill that would extend Obamacare subsidies
The Donald Trump-appointed chair of the Federal Communications Commission, Brendan Carr, will soon make his first appearance before Congress since sparking an uproar with comments seen as pressuring ABC to temporarily pull co...
Republican says ‘deal can be had’ on healthcare as subsidies set to expire
Senator Bill Cassidy urges collaboration between Democrats and his party after Senate rejected dual healthcare bills
US senator Bill Cassidy said on Sunday that “there’s a deal to be had” on tackling the rising cost of healthcare, suggesting he remained optimistic over bipartisan cooperation on the issue despite the recent failure of two competing proposals in the Senate.
Speaking on CBS’s Face the Nation, the Louisiana Republican and chair of the Senate healthcare commi...
House Republicans propose healthcare plan with no extension of tax credits
With insurance premiums set to rise sharply for at least 22 million Americans, Mike Johnson unveils alternative
With health insurance premiums set to rise sharply for at least 22 million Americans who purchase their coverage through Affordable Care Act (ACA) marketplaces using tax credits that will expire at the end of this year unless Congress acts, the US House speaker Mike Johnson unveiled a Republican alternative late Friday.
Johnson’s bill comes as his party refuses to ext...
Senate rejects dual healthcare bills as Obamacare tax credits expiration nears
Votes came as premium tax credits for estimated 21.8 million enrollees of plans set to expire at end of month
The US Senate on Thursday rejected competing proposals to address the imminent expiration of subsidies for Affordable Care Act health insurance plans, greatly increasing the chances that healthcare costs will soon rise to unaffordable levels for millions of Americans.
The votes, part of a deal brokered between Republican majority leader John Thune and the Democratic senators who agreed to reopen the government after a historically long shutdown last month, came as premium tax credits for an estimated 21.8 million enrollees of the plans are set to expire at the end of the month. Health policy research group KFF estimates that annual premiums will more than double if the subsidies are allowed to expire.
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Democrats sift through shutdown’s ashes after resistance finally breached
After 42-day standoff, government is back open – and minority party won no concessions from party in power
More than 42 days ago, beleaguered congressional Democrats employed a tactic they were not known for using – refusing to fund the government unless their demands, in this case, an extension of tax credits that lowered costs for Affordable Care Act health plans, were met.
Fast forward to Wednesday evening, and the federal government is back open, the Democrats’ resistance b...
Trump signs funding bill to end longest US government shutdown
President signs legislation to restart federal operations after House passes measure in 222-209 vote
The longest US government shutdown in history ended on Wednesday after more than 42 days, following the House of Representative’s passage of a bill negotiated by Republicans and a splinter group of Democrat-aligned senators.
The compromise sets the stage for government operations to return to normal through January, while leaving unresolved the issue of expiring tax credits for ...
Top House Democrats vow to oppose shutdown bill over healthcare funding
Democrats are demanding an extension of tax credits for Affordable Care Act health plans set to expire at end of year
US politics live – latest updates
As House Republican leaders move to hold a vote on legislation to reopen the US government, top Democrats vowed on Tuesday to oppose the bill for not addressing their demand for more healthcare funding.
Democrats have for weeks insisted that any measure to fund the government include an extension of tax c...
Obamacare insurance prices will jump up 26% next year, report predicts
Enhanced subsidies keeping premiums affordable for millions will expire, threatening to more than double what households pay out of pocket
People in the US shopping for health insurance through the Affordable Care Act marketplaces will face a steep 26% average price increase next year, according to new analysis from the Kaiser Family Foundation released just days before enrollment begins on 1 November.
The jump represents one of the sharpest rises since the healthcare program l...